Business · 4 August 2026

Higher oil prices from the US-Iran war push BP profits to $5.73 billion

Harrison Keely via Wikimedia Commons (Creative Commons CC0)

Investors will get a 4% bump in their dividend payouts, taking payments to 8.66 cents a share. Chief executive Meg O'Neill admitted on Tuesday that the firm has struggled to meet expectations recently, and she promised stricter rules on future investments. The business plans to spend up to $14 billion throughout 2026 after abandoning its recent push into renewable energy.

By BriefTea Editorial · 4 August 2026 at 10:46

Reported by Reuters · How we write briefs

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