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BP Announces Largest-Ever Profit

HeadlineApr 30, 2003

British Petroleum yesterday announced its biggest-ever profit. The corporation made over $3.5 billion in the first quarter of the year, or over $40 million a day. That’s more than twice what BP earned in the first quarter of last year. The windfall profit is due to the gas and oil prices, driven up by the invasion of Iraq, as well as disruptions in supply from Nigeria and Venezuela.

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