BP’s first-quarter profit more than doubled year-on-year to $3.2 billion – its highest since 2023 – the British oil major reported on Tuesday, beating expectations by 20 per cent after the Iran war boosted its oil trading results. <\/p>\n
The spike in oil prices triggered by the war has helped European majors reap billions of dollars from the energy supply crunch.<\/p>\n
BP had already flagged an exceptionally strong quarter for its oil trading desk. Its customers and products business, which includes oil trading operations, recorded profit before interest and tax of $3.2 billion, its highest level since the 2022 Russian invasion of Ukraine, beating an average analyst estimate of $2.5 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"BP’s first-quarter profit more than doubled year-on-year to $3.2 billion – its highest since 2023 – the British…\n","protected":false},"author":2,"featured_media":88148,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[11791,135,54,31300,39,691],"class_list":{"0":"post-88147","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-persian-gulf","8":"tag-bp","9":"tag-business-news","10":"tag-europe","11":"tag-financial-results","12":"tag-persian-gulf","13":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/116484149368054551","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/88147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=88147"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/88147\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/88148"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=88147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=88147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=88147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}