BP Profit Doubles as Iran War Hands Oil Traders a $3.2 Billion Quarter
BP reported first-quarter profit of $3.2 billion, more than double last year and about 20% above analyst forecasts, driven by higher crude prices after the Iran war. Net debt rose to $25.3 billion from $22.2 billion at the end of 2025. Shares climbed 3.13% in late London trade. The company plans to cut hybrid bond financing by $4.3 billion by 2027.