BP profits beat forecasts as fuel prices surge

Energy powerhouse BP (BP.) gained ground after the FTSE 100 company pumped out forecast-beating Q1 profits. During the quarter to March, BP benefited from ‘exceptional’ oil trading driven by the effects of the Middle East conflict. On the negative side of the ledger, operating cash flow disappointed and drove up net debt. BP also warned … Continue reading BP profits beat forecasts as fuel prices surge