London, Oct 30, 2026 (AFP) - BP net profit quadruples on higher oil prices

NAMPA / AFP

2026-10-30

British energy giant BP said Friday that its net profit quadrupled in the third quarter as the Middle East war disrupted oil and gas supplies and sent prices surging. Profit after tax jumped to $4.70 billion in the July-September period from $1.16 billion in the third quarter of 2025, BP said in a statement. Chief executive Meg O'Neill welcomed "a strong set of results, supported by the higher-price, higher-margin environment". Along with rival......

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