BP reported adjusted net for the first quarter that beat the average analyst estimate. Adjusted net $2.63 billion, estimate $1.51 billion (range $1.09 billion to $1.94 billion). BP Plc set out to win back shareholders after a difficult year, saying it will begin share buybacks after “exceptional” natural gas trading buoyed earnings. The London-based company’s buybacks will begin at a modest pace, with $500 million of repurchases in the second quarter to offset dilution from the vesting of employee share awards. BP’s shares have gained 21% for 2021. Investors are confident that the stock will cover the distance from March 2020 levels.