BP's Q1 2026 Earnings Double Due to Increased Oil Trading Amid Iran War

BP's first-quarter 2026 earnings more than doubled to $3.2 billion, driven by increased oil trading amid the Iran war. The surge in crude oil prices and trading activity significantly boosted the company's profits, surpassing analyst expectations. BP plans to use the earnings to reduce debt rather than return cash to shareholders.

By Cris Tolomia Tue, April 28, 2026 at 2:29 PM GMT+3 2 min read · Yahoo Finance · April 28, 2026, 11:29 UTC

Tickers: $BP

Topics: BP Earnings Energy Markets Iran War Oil Trading

Read the full article at Yahoo Finance

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