BP Beats Q1 Profit Forecast With “Exceptional” Oil And Gas Trading

May 2, 2023
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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Despite falling oil and gas prices, BP on Tuesday reported $5 billion in profits for the first quarter, higher than the earnings for the fourth quarter of 2022 and above consensus estimates, thanks to what it described as “exceptional” gas trading and “a very strong oil trading result.” Underlying replacement cost profit – BP’s metric closest to net profit – was $4.963 billion for the first quarter of 2023, up from $4.807 billion for the fourth quarter of 2022, but down from the $6.245 billion for the first…

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

BP Beats Q1 Profit Forecast With “Exceptional” Oil And Gas Trading

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