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BP Q2 Profit, Revenue Rise

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BP (BP) reported Q2 underlying replacement cost profit Tuesday of $2.22 per diluted American depositary share, up from $0.90 a year earlier.

Sales and other operating revenue for the quarter ended March 31 were $69.11 billion, up from $46.63 billion a year ago.

Analysts polled by FactSet expected $58.93 billion.

Shares of BP were up over 1% in premarket activity Tuesday.

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