Apr 27: BP profits more than double to $5.6bn

BP has exceeded analysts’ expectations with a 135 per cent rise in post-tax profits for the first quarter, and continued to cut its debts, thanks to the rebound in oil and gas prices and an improvement in the performance of its refineries. Ed Crooks talks to Daniel Garrahan about why the rise in profits at BP has been completely overshadowed by a massive explosion at one of BP's rigs in the Gulf of Mexico.