BP doubles its profits as Iran war elevates oil prices
It’s the company’s highest profit in three years and first reported sign of growth under CEO Meg O’Neill, who was appointed to lead BP in April. The quarterly earnings are double the amount from the first quarter of 2025. The British oil giant also bounced back from a $3.4 billion loss in the fourth quarter of 2025 by using oil traders to leverage rapid fuel price fluctuations and generate profits, according to BP.
- ▪It’s the company’s highest profit in three years and first reported sign of growth under CEO Meg O’Neill, who was appointed to lead BP in April.
- ▪The quarterly earnings are double the amount from the first quarter of 2025.
- ▪The British oil giant also bounced back from a $3.4 billion loss in the fourth quarter of 2025 by using oil traders to leverage rapid fuel price fluctuations and generate profits, according to BP.
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Business BP doubles its profits as Iran war elevates oil prices Comments: by Ashleigh Fields - 04/28/26 5:07 PM ET Comments: Link copied by Ashleigh Fields - 04/28/26 5:07 PM ET Comments: Link copied NOW PLAYING BP earned $3.2 billion in the first quarter, the energy giant reported Tuesday — an exponential increase in its profits that beat market projects amid the rising cost of oil due to the Iran war. It’s the company’s highest profit in three years and first reported sign of growth under CEO Meg O’Neill, who was appointed to lead BP in April. The quarterly earnings are double the amount from the first quarter of 2025.
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