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BP started production from the giant Clair Ridge field West of Shetland in 2018, with partners including Shell and America’s Chevron Picture: BP
BP has tripled first quarter profits after feeling the benefit of increased oil prices and the start of production from a big North Sea field.
The oil and gas giant made $2.6 billion (£1.9bn) profit net of one-offs in the three months to March 31 on the measure followed by analysts compared with $0.8bn in the same period last year.
Chief executive Bernard Looney said the result reflected a strong business performance and the recovery in the commodity price environment, which has accompanied the rollout of coronavirus vaccines. ....

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