Is BP's Profit Surprise Good News for Oil Producers?

The video discusses the earnings report of major oil companies, focusing on BP's performance. It highlights the similarities in business models among the top oil companies, emphasizing their operations in pumping, refining, and trading. BP's better-than-expected performance in refining and trading is noted, along with the volatile market conditions that favored trading profits. The video also covers cost-cutting measures and capital expenditure plans, indicating a strategic focus on financial efficiency.

What was the reported capital expenditure for the first three months of the year?

What range of capital expenditure did the companies guide the market to for the upcoming year?