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Underlying replacement cost profit more than doubled to $3.2 billion (€2.7bn) Brent crude prices rose from just above $70 per barrel in early February to over $120 in late March.
BP's Q1 2026 underlying replacement cost profit more than doubled to $3.2 billion.
KEY POINTS
- BP's oil trading profits surged due to exceptional volatility from the Iran war.
- Barclays booked a £228m charge related to the collapse of Market Financial Solutions.
- Barclays' investment bank income exceeded £4bn in a quarter for the first time.
- Barclays will scale back complex lending after loan losses linked to leveraged companies.
COMPANIES
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