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Originally published by Capital Businessbusiness
May 8, 2026
7h ago
The companies making billions from the Iran war

BP's profits more than doubled to $3.2bn (£2.4bn) for the first three months of the year, after what it called an "exceptional" performance in its trading division. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Amidst the global cost of the US-Iran war, several companies are experiencing record profits. The conflict's impact on energy prices and market volatility is creating significant financial gains for specific industries.
- Oil and gas giants like Shell (profits of $6.92bn) and TotalEnergies (profits up by almost a third to $5.4bn) are major beneficiaries due to surging energy prices.
- Major banks, including JP Morgan with its trading arm generating $11.6bn in revenue, collectively reported $47.7bn in profits for the first quarter of 2026.
- The defence sector, with companies like BAE Systems and Lockheed Martin reporting record order backlogs, is seeing increased investment due to perceived "security threats."
- The renewables sector, including NextEra Energy and Danish firms Vestas and Orsted, is experiencing a surge in interest and profits as the need for energy diversification becomes apparent.
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