Strong global natural gas marketing and trading lifted BP plc in the first three months of this year, helping the company overcome low commodity prices as the integrated major also leaned in to secure opportunities to expand in the United States and overseas.

CFO Murray Auchincloss led a conference call Tuesday to discuss the latest results. The gas trading results continued to strengthen, boosted by a solid performance from the global LNG portfolio.

Results in 1Q2023 followed “an exceptional gas marketing and trading result, a lower level of refinery turnaround activity and a very strong oil trading result,” the CFO said. That helped to partially overcome lower gas and oil prices, along with lower refining margins.

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