0927 GMT - BP's first-quarter earnings from its refining and trading segment are expected to be negative for the third quarter in a row, RBC Capital Markets analysts Biraj Borkhataria and Adnan Dhanani write. This is despite a small increase in refining margins and better liquids trading, they write. The first-quarter update highlighted weak gas and oil trading with overall weaker production, they add. The one bright spot was BP's customer segment where earnings should rise on-quarter, they write. Shares trade down 2.3% at 333.85 pence. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
April 11, 2025 05:27 ET (09:27 GMT)
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