GlobalNews411

Comprehensive reporting, aggregated for speed.

allentown

BP posts big profit rise in Q1

BP's first-quarter profits rose sharply as crude oil prices climbed during the Middle East war.

Published Apr 28, 2026, 7:07 AM EDT | WFMZZ

British energy giant BP on Tuesday reported a sharp increase in profits in the first quarter, as crude oil prices soared amid the Middle East war. The surge in oil prices helped drive the company's stronger earnings for the period.