TNK-BP

British energy giant BP reported Tuesday a net profit of $8.2 billion for the first quarter, recovering from a record loss a year earlier as it ended operations in Russia after the Ukraine invasion.

British energy giant BP announced on Feb. 27 that it was pulling its 19.75-percent stake in Rosneft following Russia's invasion of Ukraine.

London-based BP has held a 19.75 percent stake in Rosneft since 2013. That stake was valued at $14 billion at the time of the announcement.