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Europe’s second-biggest oil producer reported a 63 percent surge in first quarter net profit Monday after crude oil prices soared to an all-time high and natural-gas prices also rose.
BP posted net profit for the first quarter of $7.6 billion compared with $4.4 billion in the first quarter of 2007. The jump in net profit was accompanied by a 44 percent rise in revenue to $89.2 billion.
