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Euronews
Euronews
Angela Barnes

BP profit more than doubles as Middle East conflict boosts oil prices

British Petroleum Meg ONeill Oil Middle East ExxonMobil

Profit after tax jumped to $3.91 billion (€3.38bn) in the April-June period from $1.62 billion (€1.40bn) in the second quarter of 2025, BP said in an earnings statement, as fossil fuel prices soared year on year.

The five biggest Western energy majors – BP, Chevron, ExxonMobil, Shell and TotalEnergies – reported combined net profits of almost $47 billion (€40.60bn) in the second quarter as earnings multiplied amid the US-Iran conflict.

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