BP's Quarterly Profit Jumps to $5.7 Billion, Up 78% From Last Quarter

BP earned $5.7 billion in Q2, up $2.5 billion from Q1's $3.2 billion, per results published August 4. The 78% jump came despite about $1 billion in impairments — reductions in the value of aging assets — BP flagged on July 14. BP credited stronger finances and progress trimming its debt load.