BP boosts dividend, buybacks as profit soars
Yahoo! Finance
BP said on Tuesday it will lift its dividend by 4% and ramp up share buybacks after second-quarter profits rose to $2.8 billion on the back of higher oil and gas prices, beating expectations. That compares with $2.63 billion in profit in the first quarter of the year and a loss of $6.68 billion a year earlier when it took large non-cash charges.
Continue Reading