(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. |