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BP in $1.75bn buyback as Q1 profits fall on weaker prices, margins

By Frank Prenesti

Date: Tuesday 07 May 2024

(Sharecast News) - BP reported a worse-than-expected fall in first-quarter profit on the back of lower oil and gas prices, an outage at a US refinery and "significantly weaker" fuels margins as it also started a $1.75bn share buyback.
Underlying replacement cost profit for the quarter was $2.7bn, compared with $5bn...

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