BP profits double on Iran war oil prices

BP's profits more than doubled as the Iran war drives oil prices higher.

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Tuesday, 28 April 2026 at 19:44 UTC

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BP reported that its profits more than doubled in the first quarter of 2026, driven by soaring oil prices resulting from the ongoing US-Iran war. The company benefited from higher crude prices, which have surged due to the conflict and related supply disruptions. BP's earnings reflect the broader impact of the war on global energy markets, with oil prices reaching multi-year highs.

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e/eineurope · topic · T-10095cycle Tuesday, 28 April 2026 at 19:44 UTC · first reported 7h ago