Iran war oil price surge doubles BP's quarterly profit to more than $5bn | The National

BP’s Q2 profit more than doubles to $7.36 billion after Iran war oil surge

BP's Q2 profit doubled to $5.73B on Iran conflict volatility and trading gains; CEO pivots from renewables to oil/gas, writing down $4B+ on green ventures. Energy capex rebalancing pressures enterprise ESG timelines and carbon-neutral infrastructure budgets.