BP Profits Highest in Four Years as Iran War Pushes Up Oil Price The news that BP's profits have surged to a four year high, thanks in part to the ongoing conflict in Iran and its impact on global oil prices, should come as no surprise.
The company's profit of $5. 73 billion between April and June is more than double what it made in the same period last year.
The price of crude continues to soar, driven by disruption to global supplies through the Strait of Hormuz.