BP Reports Strong Q1 Profit Exceeding Estimates Due to Trading Performance
BP reported first-quarter underlying replacement cost (RC) profit of $3.2 billion, surpassing the $2.67 billion estimate. The result was driven by strong oil trading and midstream performance, leading to a 3.1% rise in shares. The company also noted improved operational metrics and a reversal of previous losses.
Tickers: $BP
Topics: Capital Spending Dividend Earnings Oil Trading Profit