BP quarterly profit beats expectations at $3.2 billion, driven by Iran war trading boon - Reuters
BP quarterly profit beats expectations at $3.2 billion, driven by Iran war trading boon Reuters
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
"the market 'can tend to look through' trading-led results, I expected shares to rise on 'an overall solid update'."
— Matthew Lofting , Executive
"BP had been 'working relentlessly' to maintain reliable production and was helping countries 'get fuel where it is needed' to minimise disruption from the conflict."
— Meg O’Neill , Executive
"Just as we saw in 2022 following Russia’s invasion of Ukraine, fossil fuel giants are quid’s in when global instability drastically inflates fuel prices."
— Mike Childs , Activist
"The oil industry’s capacity to profiteer from human misery is almost limitless."
— Maja Darlington , Activist
"He doesn’t love the proposal."
— Donald Trump , Politician
"It is horrifying to see BP’s profits..."
— Patrick Galey , Activist
Key People
Former president of the United States known for his aggressive economic policies.
Climate campaigner for Greenpeace UK.
Analyst at JPMorgan providing insights on BP's financial performance.
CEO of BP who recently took over the position.
Head of science, policy and research at Friends of the Earth.
Head of news investigations at Global Witness.
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<a href="https://news.google.com/rss/articles/CBMilgFBVV95cUxOSllpY284Nm5nTk5hN0dGZ1RKXzFCLVg5UkQ5TjNsLUtEbzlmMFJzUWF2VlpCaFpNM0RZSXYyZ1lQQVdwU2gxYUVXLVdZbzRKVW5ndm05dFhHeHRwSGNnWlRVVWQwY0tlWXlMQm16R2dJNFY2dGl5cWhFenVHOUJRRU1YTDdkd2RjOGZBRUdnUXhFNkE5eVE?oc=5" target="_blank">BP quarterly profit beats expectations at $3.2 billion, driven by Iran war trading boon</a> <font color="#6f6f6f">Reuters</font>
BP's Q1 2026 profits more than doubled to $3.2 billion, sparking criticism over profiting amid the Iran conflict.
BP's profits surged over 130% to $3.2 billion in Q1 2026, driven by high oil prices amid the US-Iran conflict.
BP reported a Q1 2026 profit of $3.2 billion, exceeding analyst expectations, due to exceptional oil trading during the Iran war.
BP's Q1 2026 underlying replacement cost profit reached $3.2 billion, surpassing forecasts, driven by strong oil trading.
BP's first-quarter profit of $3.2 billion exceeded analyst expectations of $2.67 billion, marking a significant increase from the previous year's $1.38 billion, attributed to exceptional oil trading performance amid Middle East tensions.
BP's Q1 2026 profits nearly doubled to $3.2 billion, attributed to exceptional oil trading amid the Iran conflict.
BP reported a first-quarter underlying replacement cost profit of $3.2 billion, surpassing analyst expectations of $2.67 billion, driven by strong performance in its oil trading division amid Middle East tensions.
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