BP flags "exceptional" oil trading results in first quarter

ReutersApr 14, 2026 6:13 AM

LONDON, April 14 (Reuters) - BP BP.L said on Tuesday it expects its huge oil trading desk to post exceptional results for the first quarter, signalling a windfall from a spike in oil prices LCOc1 from the U.S.-Israeli war against Iran.

It also said its net debt would rise to between $25 billion and $27 billion from just over $22 billion in the previous quarter because of movements in working capital, an accounting measure of short-term liquidity based on current assets minus liabilities.

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