Quarterly earnings more than doubled as BP's traders capitalized on market volatility triggered by the conflict in the Middle East.
The oil and gas producing giant BP has recorded a more than doubling of profits as it benefits from high prices from the Iran war.
BP on Tuesday posted a first-quarter underlying replacement cost profit, its version of net income, of $3.2 billion, compared with expectations of $2.67 billion in a company-provided poll of analysts and $1.38 billion a year ago.
The results come shortly after BP's board suffered a shareholder revolt at its annual general meeting.
Beyond analysts' top-and-bottom-line estimates for BP (BP), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2026.
Energy sector stocks such as BP, EPD, TTE and COP show signs of robust performance ahead of Q1 earnings.
BP faced a shareholder revolt as investors used its annual general meeting to express their frustration, rejecting two of the energy major's resolutions.
A lockout at BP's 440,000-barrel-per-day refinery in Whiting, Indiana, enters its second month as the British oil major and hundreds of union workers remain at odds.
BP to report Q1 2026 on April 28, with consensus at 85 cents per ADS and $57.6 billion revenue after recent beats and stronger refining margins.
Gabon expects to sign production-sharing contracts with BP and Exxon Mobil in four to six months, the country's oil and gas minister Clotaire Kondja said on Wednesday at an African energy conference held in Paris.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.