Urgent.News

What's breaking now, across thousands of outlets.

More in Finance & Markets

BP profit quadruples as Iran war sends refining margins soaring and debt tumbles

BP's net profit quadrupled between July and September as the Iran war sent refining margins and oil prices soaring, with the British energy giant beating forecasts and cutting its net debt by $8.4…

  • BP's profit quadrupled to $4.7 billion in Q3 2023
  • Iran war disrupted refining margins, boosting BP's underlying replacement cost profit
  • BP reduced net debt by $8.4 billion, meeting debt reduction targets

More from Friday 30 October →