UPDATE 2-BP boosts dividend, buybacks as profit soars
Yahoo! Finance
BP increased its dividend and ramped up share buybacks after second-quarter profit rose to $2.8 billion, joining rivals in boosting shareholder returns on the back of higher oil prices and a global recovery from the coronavirus pandemic. The surge in cash put wind in the sails of Chief Executive Bernard Looney's one-year-old plan to shift the company away from oil and gas to renewable and low-carbon energy in an effort to battle climate change. Rivals including Royal Dutch Shell, TotalEnergies...
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