Europe's oil supermajors highlighted trading contributions as they reported stronger-than-expected profits through the first three months of the year.
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Oil and gas giants benefited significantly from their trading desks through the first quarter, shining a light on a commercially sensitive and often-overlooked unit that tends to outperform during periods of market volatility.
Europe’s oil supermajors TotalEnergies
, Shell
and BP
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BP said its oil trading performance had turned around dramatically after a "weak" fourth quarter.
