BP profits more than double amid Iran war and soaring oil prices
BP has reported a more than doubling of its quarterly profits, reaching $3.2 billion in the first quarter of 2026.This increase is attributed to an exceptional performance in its oil trading operations amid the ongoing conflict involving Iran and the resulting surge in oil prices.The energy company's underlying profits rose by over 130% compared to $1.38 billion in the same period last year.This figure surpassed analysts' expectations of $2.67 billion and marks BP's highest quarterly profit since 2023.The surge in profits coincides with the US-Israel conflict with Iran, which began in late February 2026.The conflict has effectively blocked the Strait... [Continue Reading]
360LiveNews | 28 Apr 2026 08:34 LONDON
