Major energy companies reported sharp increases in second-quarter profits as the war in the Middle East pushed oil and gas prices higher and strengthened refining margins.

US-Iran tensions boost oil company profits as energy prices rise. Crude oil reaching a new all-time high by September 30 at 3.9% YES.

The Energy sector is reporting the highest earnings growth clip of all 11 market sectors at 128.2% Y/Y, well above the S&P 500 average at 37.9%

BP raises second-quarter dividend by 4 per cent and expects 2026 capex to hit $14bn