Key facts: BP Q1 Trading Up; Whiting Talks Resume; 40% Ustyurt Buy

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2026.05.14 01:04
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BP's Q1 trading profits surged due to increased energy price volatility. The company will resume contract negotiations with United Steelworkers regarding the locked-out workers at its Whiting refinery. Additionally, BP acquired a 40% stake in six Ustyurt blocks in Uzbekistan, enhancing its production-sharing deal. Following these developments, BP shares rose approximately 1%.