BP profit more than doubles as Trump blasts Big Oil for ‘making too much money’

BP reported second-quarter profit more than doubled, capitalizing on elevated fossil fuel prices driven by U.S.-Iran hostilities. The earnings release arrived as President Donald Trump publicly criticized Big Oil for "making too much money" from higher fuel prices during the Iran conflict.

The British energy major joins other supermajors posting outsized gains as geopolitical tension supports crude and refined product pricing. Trump's comments signal potential political pressure on the sector despite the windfall profits, adding regulatory risk to the bullish fundamentals lifting earnings.

The timing underscores the tension between energy company shareholders benefiting from crisis-driven price spikes and political appetite for intervention when consumer fuel costs surge. BP's results reflect the sector-wide dynamic: geopolitical supply disruption translating directly to margin expansion.