8 publishers · first seen Thu, 29 Oct 2026 09:16 UTC · updated Fri, 30 Oct 2026 16:49 UTC
BP reported quarterly profits of £6.3bn, equivalent to $8.46bn, a rise of almost four times from $2.2bn a year earlier and the highest level since $8.9bn in 2008. The increase was attributed to higher oil and gas prices following the war in the Middle East, which also pushed UK diesel prices to 198.79p per litre and petrol to 172.92p per litre.
Chief executive Meg O’Neill said the results reflected strong margins from refineries operating close to capacity. Campaigners from Global Witness, represented by Jonathan Noronha‑Gant, and Friends of the Earth, represented by Danny Gross, criticised the profit surge as obscene given the rising cost of living for households.
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