BP Profit Hits 18-Year High as Oil Refining Margins Surge
Published . Updated .
This report is about oil and refining.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+9.3% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- CRAK VanEck Oil Refiners ETF
VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refining” (refining) in this story.
- XOM ExxonMobil Holdings+10.9% 15d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+10.5% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- VLO Valero Energy+0.5% 30d
Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refining” (refining) in this story.
- MPC Marathon Petroleum+10.0% 8d
Marathon Petroleum (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refining” (refining) in this story.
- COP ConocoPhillips+7.7% 30d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | +0.80% | -2.73% | base | after close | after close | after close | after close |
| XLE | +0.88% | -0.71% | base | after close | after close | after close | after close |
| CRAKNo price data for this ticker | — | — | — | — | — | — | — |
| XOM | +0.03% | -1.79% | base | after close | after close | after close | after close |
| CVX | +0.78% | -1.37% | base | after close | after close | after close | after close |
| VLO | +8.98% | +0.67% | base | after close | after close | after close | after close |
| MPC | +5.72% | +0.79% | base | after close | after close | after close | after close |
| COP | +0.55% | -1.36% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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BP Profit Hits 18-Year High as Oil Refining Margins Surge Bloomberg.com
Source: Bloomberg
How far United States Oil Fund (USO) has moved since 30 Oct 2026
| Company | When | Move | Status |
|---|---|---|---|
| Conocophillips (COP) | three days earlier | -1.36% | final price |
| Conocophillips (COP) | five days earlier | +0.55% | final price |
| Chevron (CVX) | three days earlier | -1.37% | final price |
| Chevron (CVX) | five days earlier | +0.78% | final price |
| Marathon Petroleum (MPC) | three days earlier | +0.79% | final price |
| Marathon Petroleum (MPC) | five days earlier | +5.72% | final price |
| United States Oil Fund (USO) | three days earlier | -2.73% | final price |
| United States Oil Fund (USO) | five days earlier | +0.80% | final price |
| Valero Energy (VLO) | three days earlier | +0.67% | final price |
| Valero Energy (VLO) | five days earlier | +8.98% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | -0.71% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | +0.88% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | -1.79% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +0.03% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 16 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 60 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 16 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 37 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 58 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. David J. Taylor sold Marathon Petroleum (MPC), worth $1,001 - $15,000 on 22 Sep 2026. That is 38 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 26 Aug 2026. That is 65 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 24 Aug 2026. That is 67 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Conocophillips (COP), worth $1,000,001 - $5,000,000 on 21 Aug 2026. That is 70 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
United States Oil Fund (USO) on one side of this energy story
Companies tied to this story
- USO United States Oil Fund
In “BP Profit Hits 18-Year High as Oil Refining Margins Surge,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- XLE Select Sector Spdr Tr
For “BP Profit Hits 18-Year High as Oil Refining Margins Surge,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
- CRAK Vaneck Etf Trust
In “BP Profit Hits 18-Year High as Oil Refining Margins Surge,” Vaneck Etf Trust (CRAK) is linked, with no stored direction, medium confidence. Reason on file: VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refining” (refining) in this story
- XOM ExxonMobil Holdings
ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence in the 30 Oct 2026 story “BP Profit Hits 18-Year High as Oil Refining Margins Surge.” Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- CVX Chevron
For “BP Profit Hits 18-Year High as Oil Refining Margins Surge,” Chevron (CVX) is linked, with no stored direction, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- VLO Valero Energy
For “BP Profit Hits 18-Year High as Oil Refining Margins Surge,” Valero Energy (VLO) is linked, with no stored direction, medium confidence. Reason on file: Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refining” (refining) in this story
- MPC Marathon Petroleum
In “BP Profit Hits 18-Year High as Oil Refining Margins Surge,” Marathon Petroleum (MPC) is linked, with no stored direction, medium confidence. Reason on file: Marathon Petroleum (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refining” (refining) in this story
- COP Conocophillips
Conocophillips (COP) is linked, with no stored direction, medium confidence in the 30 Oct 2026 story “BP Profit Hits 18-Year High as Oil Refining Margins Surge.” Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
How “BP Profit Hits 18-Year High as Oil Refining Margins Surge” reaches United States Oil Fund (USO)
United States Oil Fund (USO) is the company in “BP Profit Hits 18-Year High as Oil Refining Margins Surge,” the 30 Oct 2026 Energy story.
United States Oil Fund (USO) is on the page because United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
What this energy story puts on the calendar
USO traded between 141.82 and 169.96 across 20 sessions. The latest close on file is 168.21. XLE traded between 61.91 and 69.86 across 20 sessions. The latest close on file is 68.72.
How solid the energy case looks
46 out of 100
“BP Profit Hits 18-Year High as Oil Refining Margins Surge” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.