BP profits jump as Middle East conflict drives up oil refining margins
OMEGAZEPRIME News
This story was selected and curated by our editorial team in the BP category. Published on October 30, 2026 • Originally reported by Jillian Ambrose and agencies. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
This story was selected and curated by our editorial team in the BP category. Published on October 30, 2026 • Originally reported by Jillian Ambrose and agencies. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
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.
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