As The Guardian has noted this morning:
The Iran war has helped BP to double its profits in the first quarter of this year, its latest financial results show.
The oil major has just reported that it made a profit of nearly $3.2bn in the first three months of 2026, on its favoured ‘underlying replacement cost' earnings measure.
That's higher than City analysts had predicted, with BP - which was hit by a shareholder rebellion last week – giving some of the credit to an “exceptional” contribution from its oil trading operations.
I have only one response, and I have already said it recently: we need to increase the tax rate on wartime profits now.
Nothing else is ethically or economically justifiable when BP's gain is unearned and accrues at a cost of other people's suffering.
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Shell are probably rakinig it in as well. Greed has no bounds it seems.
Capitalism doing what capitalism does.
The biggest rakeoff I’ve seen recently is in the US. The Supreme Court ruled Trump’s tariffs illegal so the govt has to pay back the companies who paid the tariffs. Their customers who bought the products -and paid the tariffs-are being left out. It looks like the importers will get a ‘bung’ but America’s greatest industry, the legal profession, is already active on behalf of customers. It’s an ill wind that blows no lawyer something.
I gather that some people are offering to buy the debts for a discount, as smaller companies might find it difficult to claim.
Ageed
Unjust enrichment played out in full view for all to see.