Oil and gas company beats analysts’ forecasts as its profits reach $5bn in the first three months of the year
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BP has defied an easing in energy prices to post one of the largest first-quarter profits in its history, reigniting a debate over windfall gains by oil and gas firms.
The energy company said its underlying profits reached $5bn (£4bn) in the first three months of the year, outstripping analysts’ forecasts.
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