{"id":412389,"date":"2021-04-28T09:05:45","date_gmt":"2021-04-28T03:35:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=412389"},"modified":"2021-04-28T09:35:43","modified_gmt":"2021-04-28T04:05:43","slug":"bp-q1-profit-rebounds-to-4-7-billion-on-oil-price-recovery","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bp-q1-profit-rebounds-to-4-7-billion-on-oil-price-recovery\/","title":{"rendered":"BP Q1 profit rebounds to $4.7 billion on oil price recovery"},"content":{"rendered":"<p>British oil giant BP said Tuesday that it rebounded into first-quarter net profit as oil prices partly recovered from a virus-driven slump. <\/p>\n<p>Earnings after taxation hit $4.7 billion (3.9 billion euros) in the three months to the end of March, BP said in a results statement.<\/p>\n<p>That contrasted sharply with a net loss of $4.4 billion in the same period last year when coronavirus had savaged oil demand and prices. <\/p>\n<p>The company, whose performance was also boosted by a series of asset sales, added that it would begin share buybacks in the next quarter. <\/p>\n<p>&#8220;With the acceleration of divestment proceeds, together with strong business performance and the recovery in the price environment,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>British oil giant BP said Tuesday that it rebounded into first-quarter net profit as oil prices partly recovered from a virus-driven slump. Earnings after taxation hit $4.7 billion (3.9 billion euros) in the three months to the end of March, BP said in a results statement. That contrasted sharply with a net loss of $4.4 billion in the same period last year when coronavirus had savaged oil demand and prices. The company, whose performance was also boosted by a series of asset sales, added that it would begin share buybacks in the next quarter. &#8220;With the acceleration of divestment proceeds, [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-412389","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=412389"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412389\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=412389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=412389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=412389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}