What was BP's adjusted net income for the first quarter, and how did it compare to the previous year?

BP's adjusted net income more than doubled from a year earlier to $3.2 billion, according to its earnings statement released on Tuesday.

How did the Iran war impact BP's oil trading profits and oil prices in March?

The Iran war led to a surge in profits from BP's oil trading operation and spiraling energy prices; in March—the first month of the conflict—Brent oil futures rose by 43%.

BP Profit Jumps as Oil Trading Boomed During Iran War

Apr 27, 2026

BP Plc reported adjusted net income more than doubled to $3.2 billion in Q1, driven by surging oil trading profits amid the Iran conflict. This financial boost aids CEO Meg O'Neill in addressing debt reduction and restructuring efforts.

bloomberg

2026-04-27

BP Profit Jumps as Oil Trading Boomed During Iran War

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