BP boost dividend after profit hits 14-year high

Logo of British Petrol BP is seen e at petrol station in Pienkow, Poland, on June 8, 2022.LONDON - BP's second quarter profit soared to $8.45 billion , its highest in 14 years, as strong refining margins and trading prompted it to boost its dividend and spending on new oil and gas production.

"We will direct more investment towards hydrocarbons to help with energy security in the near term," Looney said. "We'll probably direct about a half a billion dollars for hydrocarbons." The company also increased its share repurchases plan for the current quarter to $3.5 billion after it bought $4.1 billion in the first half of the year.

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BP profit triples to US$9.3 billion on soaring energy pricesLONDON: British oil giant BP rebounded to second-quarter profit on soaring energy prices, it said on Tuesday (Aug 2), after a big loss linked to its Russia exit following Moscow's invasion of Ukraine. Net profit hit US$9.3 billion in the three months to June - a threefold increase from the same period last
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BP profit triples to US$9.3 billion on soaring energy pricesLONDON: British oil giant BP rebounded to second-quarter profit on soaring energy prices, it said on Tuesday (Aug 2), after a big loss linked to its Russia exit following Moscow's invasion of Ukraine. Net profit hit US$9.3 billion in the three months to June - a threefold increase from the same period last
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