Filing Flows › BP (BP) › Q1 2026 › vs Q1 2025
BP (BP) Q1 2026 vs Q1 2025 (year over year)
BP's revenue rose $5.3B (+11%) from $46.9B in Q1 2025 to $52.3B in Q1 2026. The biggest changes: Other operating revenues +$3.3B (+39%); Oil products +$2.7B (+10%); Natural gas, LNG and NGLs −$626M (-9%). Operating margin 14.1% against 6.7% (+7.4 pts).
BP, Q1 2026: revenue $52.3B (+11% year over year), operating margin 14.1%, net earnings $3.8B, operating cash flow $2.9B. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Operating margin | 14.1% | 6.7% | +7.4 pts |
| Net margin | 7.4% | 1.5% | +5.9 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Oil products | $29.9B | $27.2B | $2.7B | +10% |
| Other operating revenues | $11.7B | $8.4B | $3.3B | +39% |
| Natural gas, LNG and NGLs | $6.6B | $7.3B | −$626M | -9% |
| Non-oil products and other revenues from contracts with customers | $3.7B | $3.6B | $62.0M | +2% |
| Crude oil | $333M | $415M | −$82.0M | -20% |
| Revenue | $52.3B | $46.9B | $5.3B | +11% |
| Operating profit | $7.4B | $3.1B | $4.2B | +135% |
| Costs & expenses | $44.9B | $43.8B | $1.1B | +3% |
| Pre-tax earnings | $7.4B | $3.1B | $4.2B | +135% |
| Net earnings | $3.8B | $687M | $3.2B | +459% |
| Minority interests | $370M | $295M | $75.0M | +25% |
| Income tax | $3.2B | $2.1B | $1.0B | +47% |
| Working capital & other | $982M | −$2.1B | $3.1B | — |
| Operating cash flow | $2.9B | $2.8B | $26.0M | +0.9% |
Questions
How much did BP's revenue grow year over year in Q1 2026?
BP's revenue rose $5.3B (+11%) from $46.9B in Q1 2025 to $52.3B in Q1 2026.
What drove BP's revenue change in Q1 2026?
Other operating revenues +$3.3B (+39%); Oil products +$2.7B (+10%); Natural gas, LNG and NGLs −$626M (-9%).