BP first-quarter earnings 2024

107096734 1659360974801 gettyimages 1241902157 XL BP 9433 scaled

A BP gas station in Madrid, Spain.

Sopa Images | Lightrocket | Getty Images

BP on Tuesday reported a fall in first-quarter profit, with results coming in below analyst expectations amid a “significantly weaker” margin in fuels and lower gas and oil prices.

The British energy giant logged underlying replacement cost profit, used as a proxy for net profit, of $2.7 billion. That was down from $3 billion the previous quarter and compared with an estimate in an LSEG-compiled consensus of $2.9 billion.

This article was originally published by a www.cnbc.com

Read it HERE


Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *