BP reports first-quarter 2026 earnings on April 28.

Analysts forecast earnings per share will rise between 75% and 87% year-over-year. Exceptional oil trading conditions drive this projected growth. Middle East conflict and supply disruptions caused the necessary price volatility.

BP shares have climbed 17% to 20% since early March. The stock is currently outperforming American rivals ExxonMobil and Chevron. Both competitors saw share prices decline during the same period. This divergence sets a high performance bar for the upcoming results.