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Jim Cramer — BP's Earnings Should Make Investors Very Excited

BP (BP - Get Report) shares are up more than 4% Tuesday after what TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, deemed "much better than expected" earnings.

On CNBC's "Mad Dash" segment, Cramer said this shows an interesting situation in the oil industry.

Some companies such as Marathon Oil (MRO - Get Report) and ConocoPhillips (COP - Get Report) felt it...