---
title: "Key facts: BP Q1 Trading Up; Whiting Talks Resume; 40% Ustyurt Buy"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286337112.md"
description: "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%."
datetime: "2026-05-14T01:04:32.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286337112.md)
  - [en](https://longbridge.com/en/news/286337112.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286337112.md)
---

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

-   BP’s Q1 trading profits rose sharply as energy price volatility increased, boosting its quarterly results and highlighting stronger trading performance for the period.1
-   BP will resume contract talks Monday with United Steelworkers over its Whiting, Indiana refinery. About 800 workers remain locked out since March; disputes include job cuts, pay and seniority terms.2
-   BP bought a 40% stake in a production-sharing deal for six Ustyurt blocks in Uzbekistan, taking 20% from SOCAR and Uzbekneftegaz; SOCAR stays operator. BP shares jumped ~1%.345

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