By City A.M. Reporter BP is expected to announce slowing profits and revenues for the first quarter of 2024, as it wrestles with lower oil prices and weaker refining margins than this time last year. The oil super major will give its latest quarterly results in an update on May 7, with profit expected to come in at £5.07 billion, lower than the £6.79 billion at the same point in 2023. The results come in the wake of former chief executive Bernard Looney quitting in September over personal misconduct. BP has also underperformed when compared with its peers, particularly those in the US, of late…