BP Stock Rises After Huge Jump in Profit. What It Means for Exxon and Chevron.

BP stock was rising on Tuesday after the rally in crude prices helped the British oil major to double its first-quarter profit. BP’s American depositary receipts climbed 3.7% to $47.65 ahead of the opening bell. The results cover a period where the war in the Middle East disrupted shipping through the Strait of Hormuz, sparking a surge in oil prices.