BP Stock Rises After Huge Jump in Profit. What It Means for Exxon and Chevron. -- Barrons.com

Dow Jones16:42

By George Glover

BP stock was rising on Tuesday after the rally in crude prices helped the British oil major to double its first-quarter profit. It should be a good omen for its American peers.

BP's American depositary receipts climbed 3.7% to $47.65 ahead of the opening bell. Futures tracking the S&P 500 were 0.2% lower.

BP reported an underlying replacement cost profit of $3.20 billion for the quarter, up 132% from a year ago. Analysts were looking for $2.65 billion, according to a FactSet poll.

The results cover a period where the war in the Middle East disrupted shipping through the Strait of Hormuz, sparking a surge in oil prices. BP said in Tuesday's release that oil trading had made an "exceptional" contribution to its earnings.

That bodes well for Friday, when U.S. oil majors Chevron and Exxon Mobil are set to report their own first-quarter financials. Chevron stock climbed 0.7% and Exxon added 1.1% ahead of Tuesday's opening bell.

Write to George Glover at george.glover@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

April 28, 2026 04:42 ET (08:42 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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It should be a good omen for its American peers. \n\n\n  BP's American depositary receipts climbed 3.7% to $47.65 ahead of the opening bell. Futures tracking the S&P 500 were 0.2% lower. \n\n\n  BP reported an underlying replacement cost profit of $3.20 billion for the quarter, up 132% from a year ago. Analysts were looking for $2.65 billion, according to a FactSet poll. \n\n\n  The results cover a period where the war in the Middle East disrupted shipping through the Strait of Hormuz, sparking a surge in oil prices. BP said in Tuesday's release that oil trading had made an \"exceptional\" contribution to its earnings. \n\n\n  That bodes well for Friday, when U.S. oil majors Chevron and Exxon Mobil are set to report their own first-quarter financials. Chevron stock climbed 0.7% and Exxon added 1.1% ahead of Tuesday's opening bell. \n\n\n  Write to George Glover at george.glover@dowjones.com \n\n\n   This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 28, 2026 04:42 ET (08:42 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2630376436","isCrawlerRequest":true}