Oil and gas company to increase dividend and buy-backs as quarterly profit hits $2.8bn
Business live – latest updates
BP has posted better than expected profits of almost $2.8bn (£2.2bn) for the April to June period and has promised to shower its shareholders with higher dividends and share buy-backs over the rest of the year.
The company will lift its dividend payments while buying back stock worth $1.75bn over the next three months to bring its total buy-backs for the first half of the year to $3.5bn – and $7bn for 2024 as whole.
About Author
More Stories
Meta has ‘heard the message’ from Trump, says whistleblower Frances Haugen
Ripe for the picking? Irish wine on the up – but ‘nobody will retire rich’
Elon Musk says all human data for AI training ‘exhausted’