Profits May 2026

British energy major BP reported first-quarter profits of $3.2 billion, more than double the previous year's earnings.

This growth was driven by "exceptional" oil trading and a surge in fossil fuel prices following the start of the U.S.-Israeli war against Iran on February 28, 2026. : profits

The professional services industry is the most frequent reporter of higher earnings, while weak consumer spending and a competitive environment limit price-raising opportunities for other sectors. : British energy major BP reported first-quarter profits of $3