Energy majors report net profits of US$47b in Q2
LONDON – British energy giant BP yesterday said its net profit more than doubled in the second quarter as the war in the Middle East roiled oil and gas markets. Profit after tax jumped to US$3.91 billion in the April-June period from US$1.62 billion in the second quarter of 2025, BP said in an earnings... The post Energy majors report net profits of US$47b in Q2 appeared first on New Era .
LONDON – British energy giant BP yesterday said its net profit more than doubled in the second quarter as the war in the Middle East roiled oil and gas markets.
Profit after tax jumped to US$3.91 billion in the April-June period from US$1.62 billion in the second quarter of 2025, BP said in an earnings statement, as prices of fossil fuels soared year-on-year.
The five biggest Western energy majors, BP, Chevron, ExxonMobil, Shell and TotalEnergies, reported combined net profits of almost US$47 billion in the second quarter as earnings multiplied on the US-Iran conflict.
The latest reporting period “has been marked by one of the most disrupted periods in the global energy market”, said BP chief executive Meg O’Neill, CEO since April.
Energy majors around the globe are enjoying soaring profits from their trades as oil and gas futures swing between big gains and losses on the latest headlines linked to the Mideast war.
