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BP says its trading arm had an ‘exceptional’ past three months.
BP's trading arm had an 'exceptional' first quarter due to Middle East conflict volatility.
KEY POINTS
- BP's market value surged to over £90 billion since the US-Israel war on Iran began in February.
- Analysts at Citi raised BP's profit forecast by 20%, estimating £1.9 billion for the quarter.
- BP's new CEO Meg O’Neill plans to shift spending from low-carbon projects back to oil and gas.
COMPANIES
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