C
Originally published by Capital Businessbusiness
April 28, 2026
4h ago
BP profits more than double as Iran war sends oil prices higher
In its first results since the conflict broke out, the energy giant reported profits of $3.2bn (£2.4bn) between January and March after an "exceptional" performance in its oil trading business. Kenya breaking news | Kenya news today |..
✨ Key Highlights
BP's profits more than doubled in the first quarter of the year, reaching $3.2bn, largely driven by a surge in oil prices following the conflict with Iran.
- Profits from January to March were $3.2bn, a significant increase from $1.38bn in the same period last year.
- The energy giant's oil trading business reported an "exceptional" performance, with its customers and products division surging to $2.5bn.
- The conflict in the Middle East has led to a spike in oil prices, with Brent crude trading around $110 a barrel.
Continue Reading
Read the complete article from Capital Business
Advertisement
Related News
Advertisement