BP Plc’s profit exceeded expectations, with operational improvements and higher oil and gas production outweighing lower prices, as the company’s turnaround plan builds momentum. The British energy ...

British energy giant BP on Tuesday reported a sharp rise in net profit for the third quarter as higher oil output and cost-cutting helped offset a drop in crude prices. Profit after tax jumped to ...

BP expects the high-price environment to 'increase the dislocation between marker prices versus actual prices realized by BP in 1Q 2026 and increase the impact of price lags'.

British oil giant BP announced Tuesday an 86 percent slide in annual net profit, hit by lower crude prices and a huge write-down linked to its green energy transition. Profit after tax dropped to $55 ...

BP has reported a drop in annual profits and increased its target for cost cutting as the oil giant was hit by the fall in crude prices last year. It reported profits of $7.5bn (£5.5bn) in 2025, down ...

BP expects an exceptional Q1 2026 oil trading result as Middle East war-driven volatility boosts margins, while Shell also ...

Calls for a windfall tax on oil and gas companies have been made again on Tuesday after BP presented its highest profits for eight years. The oil and gas giant reported that profits hit nearly 13 ...

LONDON (Reuters) -Oil major BP reported a smaller than expected fall in third-quarter underlying profit on Tuesday as a strong performance at all divisions led by refining helped to offset the impact ...