a major oil and gas company's primary measure of profitability. Profit before interest and tax on a replacement cost basis (as opposed to historic cost) i.e. removing the effect of stockholding gains and losses (COSA) from profit.
RCOP
Definition
Replacement Cost Operating Profit
RCOP means Replacement Cost Operating Profit. a major oil and gas company's primary measure of profitability. Profit before interest and tax on a replacement cost basis (as opposed to historic cost) i.e. removing the…
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