business / news / / FOX 9
BP has earned more than double its profit since the conflict with Iran began two months ago.
BP's quarterly profit surged to $3.84 billion amid the Iran conflict, up from $687 million last year.
KEY POINTS
- 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
Summarized by Newsio from FOX 9. How we summarize →