BP profits hit 3-year high as Iran war delivers windfall
Oil major’s quarterly profit beats analysts’ expectations on back of ‘exceptional’ trading performance
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UK business activity rose more than expected in April
Companies rushed to make purchases amid fears that the Iran war would send prices even higher
Saudi Aramco reports higher profits despite Iran war
East-west pipeline allows oil company to circumvent the Strait of Hormuz and keep pumping
US oil refiners reap windfall from Iran war
Soaring fuel prices and access to cheap North American crude oil put American refiners in pole position
Europe’s oil majors reap up to $4.75bn from trading on Iran war volatility
Trading desks at BP, Shell and TotalEnergies outshine US rivals
Exxon warns of $6.5bn hit from Iran war as hedging timing masks gains
US oil group says bulk of impact on first-quarter earnings is accounting issue that will be offset as contracts complete
Corporate America set to deliver bumper earnings despite Iran war
Analysts expect profits to be boosted by weak dollar and Trump administration’s tax and spending plans