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

dl bp british petroleum energy oil lng plant workers indonesia ftse 100 min — BPCompany photo / BP

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.

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