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Evening Standard
Evening Standard
Holly Williams

What impact will soaring oil prices have on BP’s earnings?

British Petroleum Oil Albert Manifold Meg ONeill Michael Hewson
Rocketing oil prices on the back of the Iran war are set to see BP reveal a boost to trading in first quarter figures after the cost of crude has surged past 100 dollars a barrel since the conflict started (Ian West/PA) - (PA Wire)

Rocketing oil prices on the back of the Iran war are set to boost BP’s first quarter figures after the cost of crude has surged past 100 dollars a barrel since the conflict started.

The FTSE 100 oil giant, which reports quarterly results on Tuesday, set the stage for a windfall from the crude price spike when it said earlier this month it was heading for an “exceptional” oil trading result in the first three months of the year.

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