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BP profits more than double as oil prices soar in Iran war
UK NewsBusiness•April 28, 2026 at 12:02 PMNational

BP profits more than double as oil prices soar in Iran war

By Jillian Ambrose•The Guardian - UK News

First-quarter profits of $3.2bn prompt outrage from campaigners, who say figures come at expense of consumersBP has provoked outrage by revealing its profits more than doubled in the first quarter of this year after its oil traders reaped the benefit of the war in Iran.The energy company capitalised on a surge in global oil market prices to report better than expected profits of $3.2bn (£2.4bn) for the first quarter, more than double the $1.38bn it made in the same period last year. Continue reading...

First-quarter profits of $3.2bn prompt outrage from campaigners, who say figures come at expense of consumers

BP has provoked outrage by revealing its profits more than doubled in the first quarter of this year after its oil traders reaped the benefit of the war in Iran.

The energy company capitalised on a surge in global oil market prices to report better than expected profits of $3.2bn (£2.4bn) for the first quarter, more than double the $1.38bn it made in the same period last year.

Continue reading...

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