BP NYSE BP raised its dividend by 10% and extended its buyback program as it booked better-than-expected earnings for the second quarter of the year. The UK-based supermajor reported on Tuesday $2.8 billion in underlying replacement cost profit – the metric closest to net profit – for April to June, up from $2.7 billion for the previous quarter. The earnings were also higher than the $2.59 billion for the second quarter of 2023, and ahead of the analyst consensus of $2.54 billion.
Earlier this month, BP warned that impairments, primarily related to the review of the Gelsenkirchen refinery in Germany, would impact the second-quarter results. Still, the earnings came in better than expected and BP’s shares in London rose by 2% following the results release. “Our decision to increase our dividend by 10%, and extend our buyback programme commitment to 4Q 2024, reflects the confidence we have in our performance and outlook for cash generation,” CFO Kate Thomson said.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fuente: BelfastLive - 🏆 16. / 77 Leer más »
Fuente: OilandEnergy - 🏆 34. / 68 Leer más »