IHS Chemical Week

BP petchem profits fall 7.5%

12:27 PM MDT | May 1, 2013

BP's petrochemicals business, including lubricants, delivered an underlying replacement cost (RC) profit before interest and taxes of $404 million in the first quarter of this year compared with the $437 million recorded in the same period of 2012—a drop of 7.5%. Sales were not disclosed. Lubricant earnings represent about 85% of the $404 million, or $345 million, and are more than 6% ahead of the $325 million recorded during the first quarter of last year. The rest of BP's petrochemical activities delivered $59 million in underlying RC profit during the first...

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