BP said first-quarter profit more than doubled year-on-year to US$3.2 billion, its highest since 2023, and beat expectations by 20%. The result was helped by stronger oil trading after the Iran war boosted volatility and trading opportunities. The headline is supportive for BP shares, though the impact is company-specific rather than sector-wide.
BP said first-quarter profit more than doubled year-on-year to US$3.2 billion, its highest since 2023, and beat expectations by 20%. The result was helped by stronger oil trading after the Iran war boosted volatility and trading opportunities. The headline is supportive for BP shares, though the impact is company-specific rather than sector-wide.
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strongly positive
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0.72
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