Economic data

BP profits jump as Middle East conflict drives up oil refining margins

Guardian World30 October 2026, 08:06 UTC

Third-quarter underlying replacement ⁠cost profit rises to $8.46bn, up from $2.2bn a year agoBP has posted a jump in its quarterly profits as the war in the Middle East drove up oil and gas prices and led to “significantly higher” trading.The energy company said on ⁠Friday ⁠that third-quarter underlying replacement ⁠cost profit – a key measure of its income – rose to $8.46bn, up from $2.2bn a year ago. Analysts had expected profits of $7.33bn. Continue reading...

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