BP profits down less than expected as output falls

(Reuters) - London-based BP said in a statement that the drop in its second-quarter replacement cost net profit would have been larger had it not been for non-operating gains totaling $741 million, largely from the sale of oil fields and a UK refinery.




Stripping this gain out, the replacement cost profit, which excludes out changes in the value of inventories, fell 12.5 percent to $5.346 billion.


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