None
EN
BP profits soar to four-year high after Iran war boost
['Bdaily Business News', 'Published By']
Bdaily
BP profits soar to four-year high after Iran war boostBP has been criticised following its strongest quarterly profits for four years after being boosted by volatile energy prices during the Middle East conflict.
The uptick came as new boss Meg O’Neill pledged “urgent action” to create more value for shareholders and revealed plans to sell off its US biogas business Archaea.
The sharp jump came as its refining and trading business benefited from rising prices during the Iran war.
It comes after BP last week put its UK North Sea business up for sale after 60 years of production.
Find out how Bdaily can help →Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.