BBC News·3 min read·medium

BP profits highest in four years as Iran war pushes up oil price

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BP profits highest in four years as Iran war pushes up oil price
AI Summary

BP reported its highest quarterly profits in four years, driven by rising oil prices linked to the conflict in the Middle East. Despite the financial success, the company faces criticism from environmental groups for its decision to scale back renewable energy investments.

Image source, Bloomberg / Getty Images By Emer Moreau Business reporter Published 10 minutes ago Profits at BP have surged to a four-year high after the war in the Middle East pushed up oil prices.

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BP profits highest in four years as Iran war pushes up oil price — Headlinne — headlinne