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BBC

BP profits highest in four years as Iran war pushes up oil price

Tuesday, August 4, 2026


BP reported its highest quarterly profit in four years, with earnings rising as oil prices increased amid tensions in Iran. Environmental groups criticized the company's financial performance, stating it benefited from geopolitical instability. The company's results reflect broader energy market movements tied to Middle East developments. BP did not disclose specific profit figures in the provided statement.

Original reporting: https://www.bbc.co.uk/news/articles/cg5l11m02j3o?at_medium=RSS&at_campaign=rss

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