BP profits double to $3.2bn on higher crude prices
- Posted on April 28, 2026
- By The Times
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- 1 min read
BP's profitability surged dramatically in recent quarters, with earnings reaching $3.2 billion amid elevated crude oil prices driven by geopolitical tensions in the Middle East. The company's trading division capitalized on market volatility, delivering substantial returns during a period of significant global uncertainty. This financial performance marks an encouraging start for newly appointed Chief Executive Meg O'Neill, as energy markets remain sensitive to regional instability and supply concerns.
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