BP p.l.c. (NYSE:BP) shares are trading higher after the company reported a trading update for the first quarter of 2024. The British oil major expects upstream production to be higher than the prior quarter, with production projected to be higher in oil production & operations and slightly higher in gas & low carbon energy. The gas & low carbon energy segment is expected to have an adverse impact in the $0.2 billion-$0.4 billion range from lower realized prices and around $0.2 billion from the devaluation of the Egyptian Pound. In the oil production & operations segment, realizations are expected to have an adverse impact ...