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 second quarter 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 six months of the year to $3.5bn – and $7bn for the year as whole.
Continue reading…Oil and gas company to increase dividend and buy-backs as quarterly profit hits $2.8bnBusiness live – latest updatesBP has posted better than expected profits of almost $2.8bn (£2.2bn) for the second quarter 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 six months of the year to $3.5bn – and $7bn for the year as whole. Continue reading…