business / news / / CNBC TV18
The oil and gas industry has been in upheaval since the start of the Iran war in February.
BP's first quarter profit reached $3.84 billion, more than doubling last year's result.
KEY POINTS
- BP's adjusted earnings per share of $1.24 beat analyst estimates of 91 cents per share.
- The US gasoline price average hit $4.18, the highest since August 2022, amid the Iran war.
- Iran offered to lift its Strait of Hormuz hold if the US ends its blockade and the war.
- BP's shares have gained 32% year-to-date and 57% over the past year.
COMPANIES
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