BP PLC

BP.: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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BP Earnings: Improved Earnings, but Full Impact of Higher Prices Yet to Be Seen

Allen Good

Apr 28, 2026

BP's first-quarter earnings of $3.2 billion increased from $1.4 billion the year before, exceeding market expectations. Stronger refining and trading performance drove the improvement, as production pricing lags meant upstream earnings didn't fully reflect the impact of the war in the Middle East.

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BP PLC

BP Earnings: Improved Earnings, but Full Impact of Higher Prices Yet to Be Seen

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