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The Independent UK
The Independent UK
Business
Karl Matchett and Stuti Mishra

BP profits more than double as oil trading booms on soaring crude prices amid Iran war

BP has come under fire after revealing profits more than doubled in the first three months of the year, thanks to the soaring cost of crude caused by the Iran war.

Chief executive Meg O’Neill praised the quarter as sending the firm “in the right direction” and “strengthening the balance sheet” – but critics have labelled the energy giant’s revenues as “horrifying” as “millions suffer the fallout” from war.

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