EconomyBP profits jump as Middle East conflict lifts refining margins

BP’s third-quarter underlying replacement cost profit rose to $8.46bn from $2.2bn a year earlier, beating analysts’ forecasts. The company attributed the increase mainly to much higher refining margins and gas and marketing trading results as the Middle East war pushed up oil and gas prices.

BPquarterly profitsrefining marginsMiddle East conflict

TThe Guardian★★★☆☆2026-10-30 08:06Original