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BP profits more than double as oil and gas prices soar in Iran war

Energy company hails ‘exceptional’ contribution of oil trading operations as profits hit $3.2bn in the first quarterBusiness live – latest updatesBP’s quarterly profits have more than doubled amid a jump in oil and gas prices linked to the conflict in…

This article was originally published by The Guardian World and is republished here under license.

Energy company hails ‘exceptional’ contribution of oil trading operations as profits hit $3.2bn in the first quarter

BP’s quarterly profits have more than doubled amid a jump in oil and gas prices linked to the conflict in the Middle East.

The energy company said on Tuesday that underlying profits for the first quarter were $3.2bn (£2.4bn), up from $1.38bn in the equivalent period a year ago and outstripping City forecasts of $2.67bn.

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