Tue, 28 Apr 2026 07:45:13 GMT
BP Profits Surge Amid War
BP's first-quarter profits more than doubled to $3.2 billion as the energy giant capitalized on the price surge triggered by the Iran war. With the Strait of Hormuz blockade cutting off 20% of global supply, Brent crude has soared to $110 a barrel. In her first report as CEO, Meg O'Neill highlighted an exceptional trading performance while the industry faces