BP announced Q4 and full-year 2011 results

(bp) -- BP's fourth-quarter replacement cost profit was USD7,606 million, compared with USD4,614 million a year ago. For the full year, replacement cost profit was USD23,900 million compared with a loss of USD4,914 million a year ago.

The group income statement for the fourth quarter and full year includes pre-tax credits related to the Gulf of Mexico oil spill of USD4.1 billion and USD3.7 billion respectively. 

Non-operating items (including amounts relating to the Gulf of Mexico oil spill) and fair value accounting effects for the fourth quarter  had a net favourable impact of USD2,620 million compared with a net favourable impact of USD250 million in the fourth quarter of 2010. For the full year, there was a net favourable impact of USD2,242 million for 2011 compared with a net unfavourable impact of USD25,436 million in 2010.

Finance costs and net finance income or expense relating to pensions and other post-retirement benefits were USD261 million for the fourth quarter, compared with USD346 million for the same period last year. For the full year, the respective amounts were USD983 million for 2011 and USD1,123 million for 2010.

mrcplast.com