In the first quarter of the current fiscal year, British energy giant BP predicts a significant increase in its profits, due to an increased production volume of oil and gas. This positive development can be attributed to increased production in the upstream sector, which is the extraction of crude oil and natural gas. In addition, BP expects a slight increase in the production of low-emission energy.

Despite Positive Outlook, BP Warns of Financial Strain Due to Lower Natural Gas Prices, Which Could Affect Both the Gas and Low-Emission Energy Segment, as Well as Oil Production and Operations. Particularly in the Extraction Regions of the Gulf of Mexico and the United Arab Emirates, This Could Lead to Losses. Additionally, the Company Faces the Adverse Effects of the Depreciation of the Egyptian Pound, Which Could Result in a Profit Decline of 400 Million to 600 Million US Dollars in the Gas and Low-Emission Energy Sector. The Price Decreases in Oil Extraction and Operations Could Also Lead to Financial Losses Ranging from 300 Million to 600 Million Dollars.

Despite these challenges, BP's current stock price reflects a positive image. During trading in London, the stock recorded an increase of 1.49 percent to 5.18 pounds. This underscores investors' confidence in BP's strategic direction and management to face current market challenges while also focusing on sustainable growth.