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BP Profit More Than Doubles as Trump Blasts Big Oil

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BP’s net profit rose to $2.35 billion over the same period last year and $3.2 billion for the first three months of 2026. Fighting has severely disrupted shipping through the Strait of Hormuz, a key energy chokepoint. BP raised its quarterly dividend by 4% to 8.66 cents and cut net debt to $22.25 billion, while CEO Meg O’Neill responded to Trump’s criticism of Big Oil.

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