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News & Current Events Apr 28, 2026 at 6:39 AM

Oil giant BP announces huge rise in profits in first results since Iran war

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Burning-Gundam 11 hr ago +1621
"Hooray!!! A happy ending for the rich people!!!" --Zoidberg
1621
snowflake37wao 10 hr ago +121
do you think the rich taste like crab?
121
GrumpySoth09 10 hr ago +43
Only one way to find out!
43
bargu 9 hr ago +14
Probably like shit, Botox and bitterness.
14
undefined-username 8 hr ago +4
Nah, the botox is just like how it is with well prepared [fugu](https://en.wikipedia.org/wiki/Fugu). Gives a nice little exciting tingle. Look all I'm saying is we wont know for sure unless we try it.
4
Jthe1andOnly 9 hr ago +3
No, probably like oysters! You don’t want to chew it or taste it. Just add some lemon and hot sauce and swallow without chewing. Supposedly it makes you feel good.
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dj4wvu 10 hr ago +5
May they end up like anchovies.
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cinyar 8 hr ago +1
"Why are you cheering Fry? You're not rich!" "True, but one day I might be, and then people like me better watch their step!"
1
GraphiteOxide 10 hr ago +11
I don't think it's the ending....
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PM_ME_YOUR_EYELASHES 11 hr ago +1070
All according to plan for the billionaires
1070
started_from_the_top 11 hr ago +334
Apparently the closer you get to the top of the financial chain, the further you stray from principles such as not being a greedy gold-hoarding dragon (oh and not f****** kids).
334
LumberBitch 11 hr ago +106
It selects for greedy maladjusted sociopaths. Normal people go the Gabe Newell route of f****** off to d*** around on yachts once you get super rich. Ya know, actually enjoying your money instead of hoarding it and always trying to get more and more like a junkie looking for a fix
106
jseah 10 hr ago +36
Like an addendum to the common quote: Money *does* buy happiness, but you have to actually spend that money and enjoy your happiness.
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JimboTCB 9 hr ago +7
But if I spend it then I won't have it any more? No spend, only hoard.
7
bargu 9 hr ago +7
Just look at Tom from Myspace, made a few millions, more than anyone sane can spend in a lifetime and just fucked off traveling anonymously probably banging as many girls as he can handle. True fortune right there.
7
bigbjarne 8 hr ago +5
> hoarding it and always trying to get more and more like a junkie looking for a fix Capitalism changes us, molds us.
5
56seconds 10 hr ago +13
You said f****** kids with no specific context, how dare you insult pedosent trump like that
13
Orisara 8 hr ago +1
That's because people making a lot of money that are any decent f****** dip as soon as they can. Parents, unclue, grandparents, made successful businesses. Parents sold the damn thing and retired at 50. Same for my grandparents. Taking care of their grandchild and playing golf. People making tens of millions and deciding "I need more" is just weird.
1
Spirited-Tomorrow-84 9 hr ago +5
You have to sell your soul to be rich, you say?
5
snowflake37wao 10 hr ago +3
slight correction, they’re not the dragon. theyre chasing the dragon. they never catch it tho if thats any consolation. which its not.
3
Keksverkaufer 8 hr ago +1
TN "Plan" means Keikaku.
1
bigbjarne 8 hr ago +5
Imperialism is the highest stage of capitalism.
5
Lobben91 7 hr ago +1
To throw in some nuance: *some billionaires. Most capital owners will not benefit from a price hike in oil. Oil is used all over the production chain for most companies. Service companies without a long production chain are also affected. The purchasing power of consumers will fall, now that they spend more on gas, likely leading to a recession. Some billionaires are happy, sure, but far more billionaires will want to get out of this war as soon as possible. They will apply pressure on the government to try to make it so.
1
DuaneBB 11 hr ago +978
No way. How shocking!!! couldn’t be because we’re paying six dollars a gallon.
978
fr0zeNid 11 hr ago +161
6 dollars a gallon is 1.4€/L
161
pixter 11 hr ago +119
God I wish….
119
sephjnr 10 hr ago +79
£1.16 a litre. To think we had actual strikes over £1 a litre the year before 9/11, we'll bite hands off for that now
79
Velveteen_Rabbit1986 10 hr ago +45
F****** hell, haven't seen prices that low since I was a wean :p love Americans moaning how bad they've got it when we're paying 1.5 times that haha
45
Jetstrike1111 9 hr ago +19
We also don’t have infrastructure that allows people to have cars be optional. A lot of places in the us are very heavily car centric and require driving. Where I live, public transit is a bus system that’s maybe every 30-40 mins and stops by 7 pm
19
cherrylpk 8 hr ago +1
And a one hour commute in your car to work then one hour back is not at all uncommon in the US.
1
JonesDahl 8 hr ago +7
aah freedom from the tyranny of public transport
7
bargu 8 hr ago +10
That's by design, and who designed it was the auto industry.
10
Velveteen_Rabbit1986 9 hr ago +4
Thats exactly the same as where I live in the UK, and the bus doesn't even run on a Sunday. 
4
DeliverySoggy2700 8 hr ago +5
The f*** is a bus ? lol. It takes me 2 hours to get to work driving
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sephjnr 8 hr ago +3
Public transport isn't a cussword in the UK.
3
BearsDoNOTExist 8 hr ago +1
The last job I worked in the US was at the major state university. I lived in the suburbs outside of the city, in a neighborhood that was about a 25m walk from a train station. This was the nearest neighborhood to the train station by the way. My commute consisted of walking the 25m to the station, taking the 50m train to the central station, and then taking 20m bus to the university. That's 16 hours a week commuting, if I manage to catch everything, which I wouldn't because departure times operate one a roughly +/- one whole cycle schedule, but free. The alternative was that I could drive, which took 30m depending on traffic. This ran me about $400-500 in gas a month in my old fuel-inefficient car, $250-300 in a better one. Take your pick I guess. Work another part-time job's worth of commuting, or double your car payment on gas alone.
1
Pavotine 9 hr ago +20
Most of these idiots drive massive gas guzzlers.
20
asaltandbuttering 9 hr ago +5
Also, many of our daily commutes are greater than the breadth of many European countries.
5
WesbroBaptstBarNGril 8 hr ago +1
Right. I drive 68 *kilometers* to work, then 68 back each day... So basically halfway across Great Britain.
1
Marces255 9 hr ago +2
inflation adjusted, 1 pound in 2001 is 1.91 in march 2026
2
SinisterCheese 10 hr ago +15
I wish I had fuel that c****. My bit of Finland has 2 to 2,2 €/l. I spend 500 €/m on fuel just to commute to work. About one day's net earnings a week.
15
3DigitIQ 9 hr ago +6
1US gallon = ~3.79 Liter So €1.58/L but that's still way less than the €2.21 ($8.38/Gallon) I'm paying here in The Netherlands.
6
RknFknRllIX 9 hr ago +2
Paid that in Germany, when i first startet driving...18 Years ago.
2
ihasaKAROT 9 hr ago +2
2,53 euros / L here sadly :/ and still climbing.
2
herroebauss 9 hr ago +2
I know a lot of people who would LOVE to pay that price in the Netherlands lol. It's 2,20+ atm
2
ernyc3777 8 hr ago +2
What is that in football fields?
2
Rare_Lead_1922 11 hr ago +2
Good bot
2
Life-Sun- 11 hr ago +58
Still cheaper than the rest of the globe. It’s shutting down countries like Pakistan and the prices in the EU are way higher with uncertainty about the future supply. The US billionaires are f****** the world to make their blood profits. They have way too much global power.
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blaster1-112 10 hr ago +21
It is cheaper than the rest of the globe. In part because the US gas tax hasn't changed for literal decades (it's been the same 18.4 cents/gallon (gasoline) and 24.4 cents/gallon (diesel) since 1993. However, US citizens are more reliant on their cars than most other nations. Which is a direct result of car companies lobbying the US government and favourable conditions for the development of car dependant suburbs (where no other forms of traffic are viable, except cars/motorcycles). This started as early as the 1940s, and has only gotten worse since then. Shops, schools etc are too far away or barely if at all reachable with anything other than a car. So any change in gas prices will affect the American household a lot more than the same jumps in most European/Asian countries. Where walking/cycling or public transport are viable alternatives for a lot of trips. The US has been ruined by nearly unchecked capitalism, which has resulted in a huge wealth and power disparity between the rich and poor. The only real way to fix it, would be to elect someone that really wants to fix it (e.g. Bernie Sanders) with enough support to actually get things done. But in the political climate there is now in the US, that would be a dream at best.
21
sociofobs 9 hr ago +7
The US is far from the only car-centric country where you'd need your own car if you have to get around frequently. The difference is, driving in the US is much cheaper than in a lot of other countries.
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HomicidalHushPuppy 8 hr ago +1
>Still cheaper than the rest of the globe Until you remember most of the US doesn't have good non-petrol public transportation. Some people literally have to decide between food or gas to get to work. 
1
PsyTripper 11 hr ago +24
>**$9.46 per US gallon** Is what we pay in the Netherlands, We think gas is c**** when its at €2,- a liter, per gallon that's **$8.88.** I would love to pay $6 a gallon, that would make it €1.36 a liter. The last time, gas was so c****, in the Netherlands, was in 2007.
24
its_muri 10 hr ago +3
In Australia, for diesel we’ve been paying $13.24 aid per gallon, which is $9.50usd at today’s rate.
3
NubEnt 10 hr ago +2
They’ve (oil companies) also been laying people off.
2
AceJokerZ 11 hr ago +262
The company that first started by colonizing Iran oil makes huge profits off Iran war.
262
Soft-Skirt 11 hr ago +34
That’s how it goes. Seems corporations do have a long memory.
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bigbjarne 8 hr ago +15
Imperialism is the highest stage of capitalism.
15
literated 8 hr ago +1
The British East India Company sends their regard. ... and the Dutch East India Company, too.
1
bigbjarne 8 hr ago +1
A decent example. Lenin has more in his book.
1
Life-Sun- 11 hr ago +113
What?! You mean billionaires are profiting off a war that benefits no one else?! The only reason for the war. Paid in the blood of innocent people.
113
bigbjarne 8 hr ago +15
Capitalism is so efficient.
15
Thunderclone_1 11 hr ago +293
F****** price gouging bastards
293
VaginaBurner69 11 hr ago +70
Yep, disgusting. Time for more windfall taxes.
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elon_is_a_cunt 8 hr ago +1
Time for nationalization
1
Far-Advantage-2770 8 hr ago +7
I've been doing a lot of rage walking lately to save fuel. F*** these fucks.
7
dooma72 11 hr ago +113
“I spent 33 years and four months in active military service and during that period I spent most of my time as a high class muscle man for Big Business, for Wall Street and the bankers. In short, I was a racketeer, a gangster for capitalism. I helped make Mexico and especially Tampico safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefit of Wall Street. I helped purify Nicaragua for the International Banking House of Brown Brothers in 1902-1912. I brought light to the Dominican Republic for the American sugar interests in 1916. I helped make Honduras right for the American fruit companies in 1903. In China in 1927 I helped see to it that Standard Oil went on its way unmolested. Looking back on it, I might have given Al Capone a few hints. The best he could do was to operate his racket in three districts. I operated on three continents.” ― **Smedley D. Butler,** [War Is a Racket](https://www.goodreads.com/work/quotes/191777)
113
rifthrowawayrif 11 hr ago +31
And this was the guy a bunch of fascist industrialists asked to lead a coup (the Business Plot) against FDR in the 30s. Admittedly the book where he says this came out a year or two after, but you'd think they'd have done better research. Edit: typo 
31
Sandblaster1988 10 hr ago +12
I feel like we’re living in a sequel to the business plot where they avoided the Smedley types entirely. But this sequel has been unfolding for years/decades with each piece falling into place that makes (gestures broadly at everything) possible.
12
rifthrowawayrif 9 hr ago +8
The postwar pivot to neoliberalism was the key. Repeal the Fairness Doctrine, throw in unchecked tech and social media companies, blame immigrants - you got yourself a stew. (the stew is a fascist oligarchy) 
8
good_looking_corpse 8 hr ago +1
Read the devil's chessboard. You have the gist already. 
1
EmbarrassedW33B 9 hr ago +6
Oh we definitely are, the same class of people who tried it back in the 30s were never punished. So they've been gradually building up to this ever since. So many people have latched onto so many insane conspiracies over the years, meanwhile they all ignored the extremely obvious one unfolding for almost a century in plain sight. Cool stuff 
6
bigbjarne 8 hr ago +3
Workers of the world unite!
3
Krewtan 10 hr ago +5
With palantir the next coup won't fail. Maybe it's already started.
5
Relative-Chain73 9 hr ago +6
I liked this one as well Let the workers in these plants get the same wages -- all the workers, all presidents, all executives, all directors, all managers, all bankers -- yes, and all generals and all admirals and all officers and all politicians and all government office holders -- everyone in the nation be restricted to a total monthly income not to exceed that paid to the soldier in the trenches!   Let all these kings and tycoons and masters of business and all those workers in industry and all our senators and governors and majors pay half of their monthly $30 wage to their families and pay war risk insurance and buy Liberty Bonds.   Why shouldn't they?   They aren't running any risk of being killed or of having their bodies mangled or their minds shattered. They aren't sleeping in muddy trenches. They aren't hungry. The soldiers are!   Give capital and industry and labor thirty days to think it over and you will find, by that time, there will be no war. That will smash the war racket -- that and nothing else. 
6
bigbjarne 8 hr ago +3
Another good book is "Imperialism, the highest stage of capitalism" by Lenin: https://www.marxists.org/archive/lenin/works/1916/imp-hsc/ Here's a summary: https://www.youtube.com/watch?v=MQrXV92V31s
3
talligan 10 hr ago +23
We did it boys, we made the billionaires richer
23
statix85 11 hr ago +32
Lemme guess, they are going in heavy to downplay it by using words like global changes and uncertainty.
32
No_Mercy_4_Potatoes 11 hr ago +54
I was going to suggest windfall gains taxes. But then I realise all politicians are paid handsomely by the oil lobby.
54
GrahamGreed 11 hr ago +21
Not everywhere, EU did it in 2022 and is currently discussing another one.
21
TheStaddi 9 hr ago +2
And with Reiche/Merz at the helm Germany will 100% veto it.
2
tomtttttttttttt 11 hr ago +14
UK has a windfall tax of 38% on our north sea oil and gas. This is on top of a higher corporate tax tate of 30% instead of 25% and a previous supplement 10% tax So they end up paying 78% tax on profits made from north sea oil.and gas. How much they can hide their profits I'm not sure, I know we take in quite a lot of revenue from those taxes. I'd rather have followed the norwegian model though and take all the profits not 78% of them! https://www.bbc.co.uk/news/business-60295177
14
Enough_Efficiency178 9 hr ago +4
Half the issue there though is it still doesn’t necessarily equate to lower prices for end customers. Specifically the windfall tax, when the windfall usually comes from price increases downstream The UK is how many years since we stopped buying Russian oil/gas and still haven’t reworked the entire energy price system in the country that inevitably hits people and small businesses hardest
4
Tr0janSword 8 hr ago +1
Well, those taxes don't actually change the price of oil (upstream). Refineries still buy it at market prices and convert it to products, and sell those to consumers. If the government took the windfall tax and re-distributed it as a subsidy, it would lower the effective price for consumers, but still would not change the actual price. The windfall tax is a dumb measure that is a political ploy rather than anything economical. All it does is incentivize oil companies to invest less in domestic production and shift overseas. Any company selling a commodity understands cylicality is an inherent trait. If they can't enjoy the boom phase and only face the bust phase, they will not invest.
1
jaklacroix 11 hr ago +19
Shocked. Shocked, I tell you.
19
Miffernator 11 hr ago +8
French people have the right ideas. But we are too scared.
8
NoMention696 10 hr ago +4
Those prices are never going back to normal lol. Green line must go up forever
4
DufaqIsDis 10 hr ago +4
Thank God! I can't afford food, but at least they are doing well.
4
sulphurwind 8 hr ago +5
Ah the good ol’ dame of the oil world making money off the back of Iran since 1909. BP was founded in 1909 as the Anglo-Persian Oil Company; in 1935 it became the Anglo-Iranian Oil Company, and in 1954 it adopted the name British Petroleum after Iran nationalised its oil industry IN 1951 by unanimous parliamentary vote—ending a deal that had heavily favoured Britain and left Iran with an inequitable share. But then the Iranian prime minister that was responsible for the nationalisation was removed by a CIA-Uk coup and for a few years Iran didn’t have the full control of its resources yet which remained favourable to BP.
5
J_Warren-H 11 hr ago +12
No way something illegal is taking place. /s
12
pumpkinbot 9 hr ago +5
Do they expect us to clap?
5
wafflenova98 10 hr ago +3
That's odd... You'd *think* if they were only adjusting the price to cover the increased costs the profits would stay broadly the same.... Probably nothing!
3
Sans-valeur 9 hr ago +3
Finally some good news
3
bullydog123 8 hr ago +3
Of course they did. When gas is over $4 and oil prices are fluctuating depending on what trump says. Your going to make a bunch of money. It all comes down to corrupt greed
3
Juice___Springsteen 8 hr ago +1
Can't wait until this company is completely put out of business by renewables in the future. This company should have been absolutely EVISCERATED and liquidated after the ***Deepwater Horizon*** **oil spill.** Instead, we got ["we're sorry"](https://tenor.com/view/freezing-south-park-fireplace-gif-12876442) and now they are making record profits off an illegal war. Disgusting corporate activities.
1
oniiBash2 8 hr ago +1
Never forget Deepwater Horizon. "On April 20, 2010, the Deepwater Horizon, a British Petroleum (BP) oil drilling platform, exploded in the Gulf of Mexico. The explosion killed 11 workers, injured 17, and caused the rig to sink. The resulting wellhead leak released an estimated 134 million gallons of oil into the Gulf over 87 days before it was capped on July 15, 2010. This event became the largest offshore oil spill in U.S. history." "BP had earlier agreed to pay $2.4 billion but was liable to additional penalties that could range from $5 billion to $20 billion. In September 2014, Halliburton agreed to settle a large percentage of legal claims against them by paying $1.1 billion into a trust[.]" "On 8 December 2014, the US Supreme Court rejected BP's legal challenge to a compensation deal for the 2010 Gulf of Mexico oil spill. The settlement agreement had no maximum, but BP initially estimated that it would pay about $7.8bn (£6.1bn) to compensate victims. **As of 2018, approximately 390,000 claims for compensations had been filled, with around $65bn paid in settlements**; thousands of claims were still outstanding."
1
Fallouttgrrl 11 hr ago +6
I am shocked! Shocked!  Well not that shocked
6
Korll 11 hr ago +4
To the surprise of no one, hopefully.
4
IntrepidRock6082 11 hr ago +2
Is this the company that was thrown out of Iran in 1953 and which CIA arranged a coup for ?
2
tattmhomas0 10 hr ago +2
Who could've seen that coming...
2
Nal1999 9 hr ago +2
BP, destroying Persia since the 1950s.
2
rddman 9 hr ago +2
We might want to solve our billionaire problem before they start building armies.
2
Tangocan 9 hr ago +2
I'm in the UK. MAGA are the world's most annoying cult, making everything more expensive for the world, including themselves. American fatigue is going to be the norm worldwide. I know not everyone over there is responsible for this, but for fucks sake people. Ten years of Trump's bullshit and its only getting worse. For *everyone*. Except the rich nonces you have running your country.
2
vs-1680 9 hr ago +2
So...war time profiteering is legal now. This whole thing is the scam we all knew it was.
2
Rith_Lives 9 hr ago +2
Oil giants shouldnt be profiting through this crisis, its disgusting.
2
Ill-Comms 9 hr ago +2
This is why the GOP start wars in the Middle East while they're in power. A gift to their owners.
2
nan1961 9 hr ago +2
And in other news, $1300 to fill a home heating oil tank. Sickening.
2
oneonus 8 hr ago +1
Go EV, never be held hostage again by world events which drive up price of gas.
1
Newtstradamus 7 hr ago +1
Whiting BP in Indiana still has over 800 union members locked out because they wouldn’t accept a pay cut, just throwing this out there in case anyone forgot for a second that BP is dogshit.
1
Snakend 11 hr ago +4
Switch to EVs. I haven't bought gas since 2021.
4
18522 10 hr ago +2
Most people aren't buying gas for their car anyway? LPG is super uncommon... Almost all are diesel or petrol
2
DerNaegele 11 hr ago +3
hmm yes the floor here is made out of floor
3
PathansOG 11 hr ago +2
I am Jacks complete lack of surprise
2
scizzers91 11 hr ago +1
And they have 100s of union oli workers locked out of their Whiting Indiana plant because they want to eliminate union jobs and eventually push the union out completely. Because they can't imagine affording to pay workers.
1
Polkadotical 11 hr ago +1
Of course, they get a huge cut at the pump with every gallon that's pumped. Sales have gone through the roof.
1
Vegetable_Good6866 10 hr ago +1
They are the ones responsible more then anybody for what was happening, BP used to be the Anglo-Iranian oil company.
1
BoxCarTyrone 10 hr ago +1
I am shocked. Couldn’t possibly be the prices we’re paying at the pumps.
1
Certain_Event558 10 hr ago +1
We make a lot of money when oil is this expensive . Said a certain individual.
1
RayzTheRoof 10 hr ago +1
Which is funny because BP was the foundational company that started the exploitation of Iran for its oil.
1
Independent-Slide-79 9 hr ago +1
I cant wait for the day this stupid war will have ended fossil fuels. Yes they will keep getting richer every day, but atleast at some point in the future they will lose all their relevance
1
Free-Pound-6139 9 hr ago +1
Keep giving them money, assholes.
1
JerseyshoreSeagull 9 hr ago +1
I'm really happy for all the rich people
1
MiloTheMagnificent 9 hr ago +1
Oh thank goodness I was so worried about their profits
1
Narradisall 9 hr ago +1
Don’t worry everyone, once prices for oil go down those profit margins for the old companies will get *even larger*. That way so much money will trickle down to us!!!
1
scalectrix 9 hr ago +1
Price gouging working as expected then for the conspiratorial and anti-competition cartel of fuel suppliers. So pleased for them.
1
dingo596 9 hr ago +1
This shouldn't be a surprise, supply goes down but demand stays the same so price goes up and those with more money can outbid those that don't. The price isn't fixed or artificially inflated, it's set by the market. It's simple economics, if you have a barrel of oil and you have 10 people wanting to buy how else are you going to choose who gets it other than who is willing to pay the most?
1
GlitteringNinja5 9 hr ago +1
I hope that plane you gifted was worth it Qatar.
1
kants_rickshaw 9 hr ago +1
Honestly hacking groups should liberate some of the billionaires riches to the rest of the people...
1
Deathdar1577 9 hr ago +1
Honestly, 0% suprised.
1
make2020hindsight 8 hr ago +1
Wow profits ?! That's crazy!! I’m so happy they're seeing record profits. I was worried the oil company was finding new ways to make maruchen ramen like the rest of us.
1
Far-Advantage-2770 8 hr ago +1
Great job BP, well deserved
1
de-tree-fiddy 8 hr ago +2
People you don't need to be rich to invest in oil companies.
2
RecordEnvironmental4 8 hr ago +1
No shit, if your product isn’t changed and the price you sell at doubled of course you make more money
1
Odd-Syllabub-3642 8 hr ago +1
Isn’t it clear every war is for profits?
1
pumpkin_seed_oil 8 hr ago +1
Oil company that sells oil profits when oil prices are high. News at 11
1
1stUserEver 8 hr ago +1
Good thing I stopped buying gas two years ago. F*** these greedy assholes. They could make all goods cheaper by dropping the cost but na, profits! I’m done with it.
1
AnarchistAz 8 hr ago +1
Still taking surprisingly long for the masses to realise the elite are the issue...
1
WardenJack 8 hr ago +1
And of course your government's are sleeping on the facts. Then again, we re-elect them more often than not!
1
WhatANoob2025 7 hr ago +1
You don't say...global surplus cap tax needs to be implemented for these greedy fucks ASAP.
1
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