BP beats Q4 profit forecast, increases share buybacks


LONDON: BP reported on Tuesday fourth-quarter earnings of $3 billion, exceeding forecasts thanks to strong gas trading, as the energy company increased the pace of its share repurchases.

The quarterly results lifted the energy giant's 2023 profit to $13.8 billion, a 50% drop from a year earlier as oil and gas prices cooled and refining profit margins weakened.

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