by Ceren SagirSocial affairs reporterBP profits have more than doubled as the Iran war sends prices soaring, seeing the world’s five leading oil “supermajors” rake in a total $48bn (£35.7bn) in the second quarter of 2026.The oil giant reported its highest quarterly profits yesterday, seeing a gain of $5.73 billion (£4.27bn) in the three months to the end of June, up $2.5bn (1.86bn) from the quarter before.

by Ceren Sagir

Social affairs reporter

BP profits have more than doubled as the Iran war sends prices soaring, seeing the world’s five leading oil “supermajors” rake in a total $48bn (£35.7bn) in the second quarter of 2026.

The oil giant reported its highest quarterly profits yesterday, seeing a gain of $5.73 billion (£4.27bn) in the three months to the end of June, up $2.5bn (1.86bn) from the quarter before.

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