BP profits

File photo dated 07/02/23 of the sign for a BP filling station on Spekehall Road in Liverpool, Merseyside. BP is expected to announce slowing profits and revenues for the first quarter of 2024, as it wrestles with lower oil prices and weaker refining margins than this time last year. The oil super major will give its latest quarterly results in an update on May 7, with profit expected to come in at £5.07 billion, lower than the £6.79 billion at the same point in 2023. Issue date: Tuesday May 7, 2024.