BP said market conditions and oil price volatility driven by the war in Iran will affect its financial results for the first quarter of the year.
The company, listed on London’s benchmark FTSE 100 index, expects an exceptional result in oil trading during the first three months of 2026, following weakness in the final quarter of 2025.
In a statement released on Tuesday, BP added that it is seeing “impacts associated with the current situation in the Middle East and market conditions, translating into increased volatility in crude oil, natural gas, and refined product prices during the latter part of the first quarter.”
These market conditions are expected to impact financial results, BP said, adding that it plans to report its first-quarter 2026 results on April 28.
