RE: BP5 Feb 2019 08:42
BP reported stronger-than-anticipated full-year profits on Tuesday, citing a strong operating performance across all business segments.
The British oil giant said its underlying replacement cost profit, used as a proxy for net profit, came in at $12.7 billion in 2018. A company-provided consensus forecast had expected full-year underlying replacement cost profit of $11.88 billion.
"This is a really good quarter and, actually, the end of a great year for us," Bob Dudley, chief executive of BP, told CNBC's "Squawk Box Europe" on Tuesday.