BP Profits Highest in Four Years as Iran War Pushes Up Oil Price

3-line summary

• BP reported a Q2 profit of $5.73 billion, more than double the $2.35 billion it made a year earlier and its highest quarterly profit since the start of the Russia-Ukraine war in 2022, according to the report.
• The company also confirmed plans to sell its U.S. renewable natural gas business Archaea, per the report.

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