What was BP's adjusted net income for the second quarter, and how did it compare to analyst expectations?

BP's adjusted net income for the second quarter was $5.73 billion, more than double the figure from a year earlier, and it exceeded the $5.01 billion average analyst estimate compiled by Bloomberg.

Why did BP's refining and trading businesses perform strongly in the second quarter?

BP's refining and trading businesses boomed due to market upheaval caused by the Iran war, which created massive trade dislocations and led to larger jumps in fuel costs than in crude prices—boosting refining margins.

BP Profit Surges as Oil Trading and Refining Booms During War

Aug 3, 2026

BP posted its strongest quarterly profit in over four years, with adjusted net income doubling to $5.73 billion amid Middle East conflict-driven trading booms. Investors now focus on whether cost cuts will ensure sustainable growth beyond the windfall.

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BP Profit Surges as Oil Trading and Refining Booms During War

BP Profit Surges as Oil Trading and Refining Booms During War

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