# BP profits jump as Middle East conflict drives up oil refining margins

- Source: Guardian World
- Published: 2026-10-30T08:06:46+00:00
- Category: World
- Original: https://www.theguardian.com/business/2026/oct/30/bp-profits-jump-as-middle-east-conflict-drives-up-oil-refining-margins
- Canonical: https://groundlevelnews.com/story/bp-profits-jump-as-middle-east-conflict-drives-up-oil-refining-margins-691a8b/

Third-quarter underlying ​replacement ⁠cost profit rises to $8.46bn, up from $2.2bn ​a year ​ago BP has posted a jump in its quarterly profits as the war in the Middle East drove up oil and gas prices and led to “significantly higher” trading. The energy company said on ⁠Friday ⁠that third-quarter underlying ​replacement ⁠cost profit – a key measure of its income – rose to $8.46bn, up from $2.2bn

_Ground Level News shows a short summary only; the full article and all rights belong to Guardian World._