BP back in the black in Q1 on higher oil prices
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London
BRITISH oil giant BP rebounded back into net profit in the first quarter, energised by deep cost-cutting and rising crude prices, the group revealed on Tuesday.
Earnings after tax stood at US$1.45 billion in the first three months of 2017, which contrasted with a net loss of US$583 million during the first quarter of 2016.
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