Third-quarter underlying replacement cost profit rises to $8.46bn, angering climate campaigners
BP’s profits have hit their highest level in almost two decades, as the war in the Middle East drove up oil and gas prices and led to “significantly higher” trading.
The energy company hailed a “banner quarter” on Friday, with its underlying replacement cost profit – a key measure of its income – almost quadrupling to $8.46bn (£6.3bn), up from $2.2bn a year ago.
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Source link : https://www.theguardian.com/business/2026/oct/30/bp-profits-jump-as-middle-east-conflict-drives-up-oil-refining-margins
Author : Jillian Ambrose and Lauren Almeida
Publish date : 2026-10-30 10:57:00
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