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The Iran war has helped BP to double its profits in the first quarter of this year, its latest financial results show.
The oil major has just reported that it made a profit of nearly $3.2bn in the first three months of 2026, on its favoured ‘underlying replacement cost’ earnings measure.
That’s higher than City analysts had predicted, with BP - which was hit by a shareholder rebellion last week – giving some of the credit to an “exceptional” contribution from its oil trading operations.
