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News · 28 April 2026

BP profits more than double as Middle East war boosts oil

BP profits more than double as Middle East war boosts oil

Donald Trung Quoc Don (Chữ Hán: 徵國單) - Wikimedia Commons - © CC BY-SA 4.0 International.(Want to use this image?)Original… via Wikimedia Commons (CC BY-SA 4.0)

BP delivered a strong first quarter as new CEO Meg O'Neill unveiled her first results. Underlying earnings of $3.2 billion more than doubled the $1.38 billion posted in the same period last year, beating analyst forecasts of around $2.7 billion. The surge was largely driven by oil traders capitalising on crude price spikes linked to Middle East conflict.

Reported by The Times · How we write briefs

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