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BP Stock Gains On Higher Q1 Results, Despite Production Warning

BP Stock Gains On Higher Q1 Results, Despite Production Warning

Shares of bp plc were gaining more than 3 percent in the pre-market activity on the NYSE, as well as in London after the British Oil and gas major reported Tuesday higher replacement cost or RC profit in its first quarter. Sales were higher with increased upstream production. Meanwhile, the firm warned on sequentially lower production in second quarter, and weak upstream production in fiscal 2026.
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