BP's Record Profits Placate Shareholders Despite Weaker Climate Goals

BP reported first quarter earnings of $4.96 billion, exceeding analyst expectations.
BP announced a $1.75 billion share buyback program and expects to increase its dividend by 4% annually.
BP faced criticism from shareholders for weakening its emissions reduction targets after posting record profits.
BP's share price fell 5% as its buyback program disappointed investors expecting higher returns from soaring oil and gas prices.
BP risks angering stakeholders by prioritizing profits over sustainability.