A BP petrol station sign in Chelmsford, Essex A BP petrol station sign in Chelmsford, Essex
Iran conflict sends BP profits skyrocketing and takes Euro fuel giants’ gains to £66.4bn
DONALD TRUMP’S Iran war has sent BP’s profits soaring to £6.31 billion in just three months while one in 10 languish in fuel poverty and diesel costs cripple the economy.
The latest quarterly profits represent a staggering 282 per cent rise on the £1.65bn it coined-in over the same period in 2025, as the once state-owned business reaps the rewards of a war that has seen supplies hit by blockages in the Straits of Hormuz, and households face a 27 per cent rise in fuel bills from January.
The figures come hot on the heels of rivals Shell posting profits of over £8bn in the same period, and bring BP’s total haul to an eye-watering £13bn in the last nine months alone.
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Pointing out that the latest figures from Europe’s oil and gas giants bring total profiteering to a staggering £66.4bn this year, Global Witness, campaign group spokesman Jonathan Noronha-Gant said: “It is obscene that polluters are continuing to cash in on the fallout of the war in Iran, making more bumper profits from spiralling oil prices while innocent civilians suffer.
“These massive profits come as ordinary people across Europe are struggling with the rising cost of living, with many struggling to afford to heat their homes as winter arrives.
“Oil giants can and should pay much more for the damage they are doing to our planet.”
Echoing the call for tougher taxation, 350.org head of global campaigns Clemence Dubois hit out: “The climate crisis is not an abstract future threat.
“People are facing deadly heat, destroyed livelihoods and growing insecurity now.
“Governments are being forced to find money to protect their populations, while fossil fuel companies are forecast to make extraordinary profits from the same energy system that leaves people vulnerable.”
UK Prime Minister Andy Burnham says ignore facts and reality and be a climate science denier like him. He says that he’s delayed the go-ahead for Jackdaw and Rosebank North Sea oil and gas extraction until after the Holborn and St. Pancras by-election – don’t want democracy interfering with Capitalism.Nigel Farage urges you to ignore facts and reality and be a climate science denier like him and his Deputy Richard Tice. He says that Reform UK has received £Millions and £Millions from the fossil fuel industry to promote climate denial and destroy the planet.Donald Trump urges you to ignore facts and reality and be a Climate Science denier like him. He says that he makes millions and millions for destroying the planet, Burn, Baby, Burn and Flood, Baby, Flood.
The then energy secretary Ed Miliband (second from left) at the Acorn project in Aberdeenshire, one of the CCS projects due to receive government funding, in summer last year. Photograph: PA Images/Alamy Stock Photo/Alamy Live News.
Chris Packham says £24bn earmarked for projects with ‘ludicrously uncertain results’ should be redirected to help lower bills and cut emissions
Campaigners are calling on the chancellor to cut the government’s £24bn spending plans for “fairytale” carbon capture technologies in favour of funding green schemes that can reliably cut emissions and lower energy bills.
The environmentalist Chris Packham is leading an 11th-hour appeal for the Treasury to use this week’s budget to scale back the government’s “exorbitantly expensive” support for carbon capture, which is now more than the planned spending for the US, the EU, Norway and Japan combined.
He said it was a “national embarrassment” that the government had earmarked £24bn to support a series of carbon capture and storage (CCS) projects developed by big oil companies, including BP and the Norwegian state oil company Equinor, and urged ministers to “put things right”.
“CCS is a tech fairytale,” the naturalist and broadcaster said. “It should be a national embarrassment that the UK is pumping more taxpayer money into it than any other country in the world. This budget is a chance to put things right.”
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Packham called on the government to safeguard funding promises “that empower households to lower bills” rather than “bankrolling exorbitantly expensive projects with ludicrously uncertain results”.
dizzy: It’s totally ridiculous that the government is wasting, throwing away so much money on CCS. It’s fantastic total nonsense promoted by the fossil-fuel industry so that they can carry on polluting.
The government also wastes so much money in other ways subsidising the fossil-fuel industry – an industry that is totally loaded, awash with money profiteering from destroying the planet. This UK government is close to giving away North Sea resources since tax incomes are minimal, almost non-existant. There are so many tax loopholes / subsidies for fossil fuel companies to destroy the planet.
UK Prime Minister Andy Burnham says ignore facts and reality and be a climate science denier like him. He says that he’s delayed the go-ahead for Jackdaw and Rosebank North Sea oil and gas extraction until after the Holborn and St. Pancras by-election – don’t want democracy interfering with Capitalism.
The price of oil has surged as a result of the US-Israel war on Iran, up 60 per cent since it started on February 28.
BP said Brent crude prices averaged $81.13 (£60) a barrel over the first quarter as a whole, up from $63.73 (£47) a barrel in the previous three months.
The oil giant said that for every dollar increase in the price per barrel of oil results in a $340 million (£250m) rise in pre-tax operating profits.
Uplift deputy director Robert Palmer told the Star: “While millions of people are worrying over their energy bills, oil companies like BP are raking in billions of profits.
“It’s clear that the UK’s dependence on fossil fuels is making all of us poorer – all except for the oil and gas bosses and their shareholders who once again will cash in at our expense.
“The only way to insulate ourselves from energy shocks and protect the climate is to ramp up on renewables, and upgrade homes with solar power, batteries and heat pumps. We also need to support those who need it most with financial help.”
dizzy: It’s worth reflecting on whether the overarching intention is to inflate oil prices: Trump is hugely financially supported by the oil companies of course, they financed his second successful election campaign. The oil price is kept high and the Trump administration make some extremely dubious and unsubstantiated announcements to prevent it getting much above a hundred dollars a barrel. There’s the lies that Trump & Co are imposing a blockade on Iran or that there are negotiations going to happen soon for example. Unsubstantiated and extremely likely untrue but it appears adequate for oil traders to play along.
Greenpeace activists display a billboard during a protest outside Shell headquarters on July 27, 2023 in London. (Photo: Handout/Chris J. Ratcliffe for Greenpeace via Getty Images)Donald Trump urges you to be a Climate Science denier like him. He says that he makes millions and millions for destroying the planet, Burn, Baby, Burn and Flood, Baby, Flood.
Fossil fuel giant BP is profiteering at the expense of people and planet, say the Scottish Greens. The comments from the party’s climate spokesperson, Patrick Harvie, come as BP has published its profits for Q3 2025.
Earlier this year BP announced that it would cut its renewable energy investments and instead focus on increasing oil and gas production.
Patrick said:
“It has been yet another year of climate chaos around the world, with wildfires and flooding taking a deadly toll.
“Yet times have rarely been better for the polluters and fossil fuel giants who are raking in eye-watering profits while our planet burns and households and families are hammered with escalating bills.
“What makes BP’s profiteering particularly obscene is that they know the damage they are doing and are doubling down on it by rolling back on the few climate commitments that they had made.
“Our energy market will never be fit for purpose as long as it is run by and for multibillion pound corporations like BP and those who are determined to exploit every last drop of oil at the expense of people and planet.”
Patrick added:
“The UK government has a major decision on its hands when it comes to Rosebank. Will they keep the ban in place, or will they cave-in to pressure from the polluter lobby?
“Scotland has a huge renewables potential, but we need our governments to step up, do the work and make the investment that is needed in workers and green jobs.”
Nigel Farage urges you to ignore facts and reality and be a climate science denier like him and his Deputy Richard Tice. He says that Reform UK has received £Millions and £Millions from the fossil fuel industry to promote climate denial and destroy the planet.Neo-Fascist Climate Science Denier Donald Trump says Burn, Baby, Burn.Orcas comment on killer apes destroying the planet by continuing to burn fossil fuels.
Reform UK leader Nigel Farage speaking in Aberdeen. Credit: Reform UK / YouTube
Nigel Farage’s party was told by Offshore Energies UK to rethink its plan to thwart clean energy.
LIVERPOOL – The UK’s largest oil and gas trade body has criticised Reform UK’s plans to “turn off the tap” on renewable energy.
Nigel Farage’s party has tried to present itself as the oil and gas industry’s closest ally, vowing to “drill, baby, drill” in the North Sea and scrap the windfall tax on excess profits, while meeting with oil executives, and courting donations from the sector.
However, on a panel at the Labour Party’s annual conference in Liverpool on Monday (29 September), a spokesperson for Offshore Energies UK (OEUK) criticised Reform’s plans to end state support for clean energy.
Natalie Coupar, communications and marketing director at OEUK – members of which include fossil fuel giants BP, Shell, ExxonMobil, TotalEnergies, and Equinor – said the group is “apolitical” but gives “hard truths to all parties”.
She said: “One of the things we’ve been saying to Reform very much is, you know, if you’re going to turn on the taps for oil and gas, there’s almost really no point if you’re just going to turn off the taps to renewables.
“That doesn’t help. We need to keep both those streams open.”
According to the Confederation of British Industry (CBI), the UK’s net zero economy grew by 10 percent in 2024, employing almost a million people in full-time jobs.
Coupar also said it was essential to “hold the consensus on tackling climate change and growing our energy future”.
A panel at 2025 Labour Party conference sponsored by Offshore Energies UK (OEUK). Credit: DeSmog
Reform’s Oil Campaign
Reform has vowed to stop all government subsidies for renewable energy, and has pledged to block solar and onshore wind farms in the local authorities it controls.
In May, the party’s deputy leader Richard Ticesaid: “Whether it’s planning blockages, whether it’s judicial reviews, whether it’s lawsuits, whether it’s health and safety notices, we will use every available legal measure to an extreme way in order to frustrate these people.”
Tice – who has said “there’s no evidence that man-made CO2 is going to change the climate” – met with senior oil executives in May and promised to approve new drilling licences “on day one” of a Reform government.
Last month, he pledged to overturn the UK’s ban on fracking for shale gas, which he calls “treasure beneath our feet”, and told the industry to “get ready”.
In April, Reform party treasurer and a billionaire property developer Nick Candy said he was trying to secure donations from oil and gas executives, claiming to have raised £100,000 from one, though this has yet to appear on Reform’s donations register.
As DeSmog has reported, 92 percent of Reform’s funding between the 2019 and 2024 general elections came from climate science deniers or those with highly polluting interests – a total of £2.3 million.
Since his election as an MP last year, Farage has spoken at a string of events in the U.S. organised by radical groups backing U.S. President Donald Trump’s pro-fossil fuel agenda. Last December, Farage launched the UK-EU branch of the Heartland Institute, a U.S. climate denial think tank.
Speaking at the Alliance for Responsible Citizenship conference in London in February, Farage claimed it was “absolutely nuts” for CO2 to be considered to a pollutant. However, he added: “I’m not a scientist. I can’t tell you whether CO2 is leading to warming or not, but there are so many other massive factors.”
Climate scientists at the UN’s Intergovernmental Panel on Climate Change (IPCC), the world’s leading climate science body, have stressed that “it is a statement of fact, we cannot be any more certain; it is unequivocal and indisputable that humans are warming the planet”.
Nigel Farage urges you to ignore facts and reality and be a climate science denier like him and his Deputy Richard Tice. He says that Reform UK has received £Millions and £Millions from the fossil fuel industry to promote climate denial and destroy the planet.Elon Musk urges you to be a Fascist like him, says that you can ignore facts and reality then.Nigel Farage reminds you that he’s the man that brought you Brexit and asks what could possibly go wrong.
A BP petrol station sign in Chelmsford, Essex A BP petrol station sign in Chelmsford, Essex
