Bloomberg Business

BP Profits Above Expectations as Trading Booms: The London Rush

In recent months BP’s quarterly results have sparked a nationwide conversation about the profits energy companies are making from high energy prices. Now lower commodity prices have reduced BP’s first quarter profits from record highs, hitting their cash flow and consequentially the size of their share buybacks, but the oil major still beat analysts expectations on the bottomline. Its peer Shell Plc is expected to report results on Thursday.