BP profits double
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BP's shares have surged by over 32% this year, positioning the company as the second-best performing stock among the top five oil supermajors, trailing only France’s TotalEnergies. BP's net debt rose to $25.3 billion by the end of the first quarter, up from $22.18 billion at the end of the previous year.
bp’s first-quarter 2026 profit more than doubles amid Middle East conflict and leadership transition
Tuesday. London-based bp’s underlying replacement cost profit was $3.2 billion for the latest quarter, compared to the $1.5 billion in fourth quarter of 2025. “Right now, we’re operating in an environment of significant complexity,
Ed Miliband has branded BP’s profits “morally and economically wrong” after the war in Iran helped the oil major more than double its earnings.
BP p.l.c. is rated a Buy due to solid Q1, portfolio adjustments, and a high-caliber new CEO taking over from April. Read more on BP stock here.
On April 23, 2026, Reuters reported that BP p.l.c. (NYSE:BP) shareholders turned down two board-proposed resolutions during the company’s annual general meeting, which marked th