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Economy · FinanceOngoing · 47

BP profits jump as Middle East conflict drives up oil refining margins

Jillian Ambrose and agencies · The Guardian · World
Published 30 Oct 2026, 7:06 pm·1 h ago·1 min read
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Third-quarter underlying ​replacement ⁠cost profit rises to $8.46bn, up from $2.2bn ​a year ​ago BP has posted a jump in its quarterly profits as the war in the Middle East drove up oil and gas prices and led to “significantly higher” trading. The energy company said on ⁠Friday ⁠that third-quarter underlying ​replacement ⁠cost profit – a key measure of its income – rose to $8.46bn, up from $2.2bn ​a year ​ago. Analysts had expected profits of $7.33bn. Continue reading...

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