Oil giant BP has reported a slip in first quarter profits.
It made $4.9bn (£3bn) in replacement cost profit - profit stripping out the effect of oil and other price movements - for the first three months of this year compared with $5.6bn a year ago.
BP is still paying out for damage caused by the oil spill in the Gulf of Mexico in 2010.
It has so far paid $16.6bn into a trust fund and expects to meet its target of $20bn a year earlier than planned.
The blast at the Deepwater Horizon oil rig killed 11 workers and created the worst offshore spill in US history.
The group chief executive, Bob Dudley, said the results were encouraging: "We have made a good start against our strategic priorities for 2012."
He added that the company's continuing divestment programme now totalled $23bn.
BP recently reached a $7.8bn (£4.9bn) deal with the largest group of plaintiffs suing the company over the 2010 Deepwater Horizon oil rig spill.
The company has not admitted liability and still faces claims from the US and state governments, and drilling firms.
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