LONDON (AP) _ BP PLC (BP) on Tuesday reported second-quarter net income of $3.12 billion, after reporting a loss in the same period a year earlier.

On a per-share basis, the London-based company said it had profit of 92 cents. Earnings, adjusted for non-recurring gains, came to 83 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.

The oil and gas company posted revenue of $37.6 billion in the period.

BP shares have increased 17% since the beginning of the year. The stock has risen slightly more than 9% in the last 12 months.

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