# BP has earned more than double its profit since the conflict with Iran began two months ago.

*business · news · 2026-04-29 · FOX 9*

## Key points

- BP's quarterly profit surged to $3.84 billion amid the Iran conflict, up from $687 million last year.
- BP is the first major oil company to release earnings since the Strait of Hormuz disruptions.
- BP shares neared a 52-week high following the profit report, rising over 1%.
- The price of Brent crude has risen over $30 since U.S. and Israel strikes on Iran.

**Companies:** BP, Exxon Mobil, Chevron, ConocoPhillips
**Countries:** Iran, United States

[Read the full story on FOX 9](https://www.fox9.com/news/bp-profit-doubles-us-gas-prices-hit-highest-levels-since-iran-war-began)

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