Back to News
Apr 14, 2026 12:00 PM

BP Sees 'Exceptional' Oil Trading In Q1 Amid Middle East Tension

BP p.l.c. (NYSE:BP) stock is trading lower premarket on Tuesday. The company posted a trading update ahead of its first-quarter FY26 results scheduled for April 28.

The British oil & gas major cites oil trading result as ‘exceptional’ in the first quarter.

The news comes as BP CEO Meg O'Neill kicks off a restructuring effort. According to the Financial Times, the oil company will steer away from green energy and concentrate on two core divisions: one focused on its upstream business and another covering downstream (refining, distribution, and retail).

Details

BP expects first-quarter upstream production to be largely unchanged from the previous quarter. The company sees stable output in gas and ...