BP Shares Up 20% Since Iran War, Leading All Supermajors

The Iran war and the loss of oil and gas supply from the Middle East have upended the stock performance of the biggest international majors. BP, the laggard of the past six years, has moved ahead of all others, while the top performer since 2020, ExxonMobil, has seen the worst stock showing among Big Oil since the war began. To be sure, none of the five supermajors – ExxonMobil, Chevron, BP, Shell, and TotalEnergies – have been close to replicating the 45% surge in crude oil futures since February 28, according to stock market data…