BP CEO Looney on Earnings, Trading Revenue, Buybacks

The transcript discusses BP's trading business performance amid the Ukraine war, highlighting exceptional results due to market volatility. It covers BP's decision to exit Russia, the financial implications, and potential EU sanctions on Russian oil. The discussion includes windfall taxes, shareholder returns, and BP's investment in energy transition, focusing on non-hydrocarbon businesses and sustainable energy solutions.

What context did the speaker provide regarding the trading business's performance?

How has the war in Ukraine impacted energy prices and the cost of living?

What challenges did the trading division face during the volatile quarter?

What were the financial implications of BP's decision to exit Russia?

What are the implications of potential windfall taxes on BP's profits?

How does BP plan to balance high oil prices with shareholder returns?

What is BP's strategy regarding investment in energy transition by 2025 and 2030?