July 31, 2018 / 6:10 AM / 2 months ago

CORRECTED-BP Q2 profit above expectations at $2.8 bln

(Corrects production numbers in fourth paragraph)

LONDON, July 30 (Reuters) - BP on Tuesday reported $2.8 billion in second-quarter profit, four times the amount it reached last year, boosted by higher oil prices.

BP’s underlying replacement cost profit, the company’s definition of net income, exceeded forecasts of $2.7 billion, according to a company-provided survey of analysts.

It earned $0.7 billion a year earlier and $2.6 billion in the first quarter.

First-half production rose to 3.662 million barrels of oil equivalent per day, including Rosneft, from 3.544 million barrels of oil equivalent per day a year earlier. (Reporting by Shadia Nasralla; editing by Jason Neely)

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