bp has recorded its strongest quarterly earnings since the early stages of the Ukraine conflict, reporting profits of US$5.73bn for the second quarter of 2026.
The energy major says the three months to the end of June were shaped by significant geopolitical disruption, particularly across the Middle East, yet its financial performance remained resilient as it continued supplying energy markets during a volatile period.
Quarterly profits climbed by more than US$2.5bn compared with the previous quarter, underlining the strength of bp's conventional energy operations as CEO Meg O'Neill presses ahead with a wide-ranging review of the company's priorities.
Reflecting on her first full quarter in charge, Meg says her first four months as CEO have been "marked by one of the most disrupted periods in the global energy market".
Despite this period, she adds: "bp’s team has stepped up, working tirelessly to keep energy flowing for our customers."
