Dow Jones Top Company Headlines at 3 AM ET: BP's Profits Surge as Oil Traders Capitalize on Middle East Volatility | HSBC ...

BP’s oil-trading unit delivered “bumper profits” again as ongoing conflict in the Middle East kept energy markets volatile. The bank also highlighted other major earnings and deal developments across global markets, including HSBC, which reported second-quarter net profit up 68% year over year to $7.69 billion and plans a share buyback of up to $1 billion. Toyota posted a 76% surge in first-quarter net profit and raised its full-year earnings outlook, while Saudi Aramco profit rose 33% on higher crude prices despite disruption in the Strait of Hormuz. In corporate moves, Prologis agreed to buy U.K. logistics firm Segro for $18.8 billion. Lufthansa tightened 2026 guidance after a Q2 profit drop to €123 million from €1.01 billion a year earlier.