By Christian Moess Laursen BP reported a fall in first-quarter earnings following weaker oil and gas prices, while it ramped up oil production. An

BP ’s first-quarter underlying profit from gas and low carbon energy was $1.6bn, compared with $3.5bn last year, when prices were still high in the wake of Europe’s energy crisis. The UK-listed energy company maintained the pace of its share buyback scheme at $1.

BP's first-quarter profit fell 40% to $2.7 billion due in part to the outage at the BP Whiting Refinery that shut down production for weeks.