BP profit more than doubles as Trump blasts Big Oil for ‘making too much money’

BP reported first-quarter 2026 profit of $2.8 billion, more than double its profit from the same period in 2025. On the same day, President Trump said at a news conference that oil companies were "making too much money" and called for increased production. BP's chief executive Murray Auchincloss did not respond directly to Trump's statement. The company attributed its profit increase to higher oil prices and increased production volumes.

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