BP reports four-year-high profits as Middle East war pushes up oil prices
BP has reported quarterly profits of $5.73bn, its highest in four years, after the war in the Middle East drove up oil prices. The oil company said Brent crude averaged $103.85 a barrel in the April-to-June period, compared with $67.88 in the same quarter a year earlier. The rise in crude prices has also fed through into higher petrol, diesel and household energy costs in many places.The profit figure was more than double the $2.35bn BP made in the same period last year. It was also the company's strongest quarterly result since the start of the Russia-Ukraine war in 2022.... [Continue Reading]
360LiveNews | 04 Aug 2026 10:30 LONDON
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