Results

BP’s oil arm picks up as energy giant reports strong Q1

Firm’s oil business showed improvement from a weak fourth quarter

BP expects to report a strong performance from its trading business for the first quarter. Picture: Getty

BP expects to report a strong performance from its trading business for the first quarter, with a notable improvement in results from buying and selling oil.

The boost in trading came alongside rising oil and gas production and improved margins in the company’s refining business, according to a trading update published on Tuesday.

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