LONDON (Reuters) - Oil major BP Plc reported a 62 percent fall in first quarter profits on Tuesday, due to a collapse in oil and gas prices, but beat all analysts' forecasts.
Europe's second-largest oil company by market value said its replacement cost (RC) net profit fell to $2.39 billion from $6.59 billion last year.
Excluding one-offs items, which amounted to a net charge of $194 million, the result was $2.58 billion, ahead of an average forecast of $2.28 billion from a Reuters poll of seven analysts.
(Reporting by Tom Bergin)
