After achieving "exceptional" results in oil refining and trade, BP Plc (NYSE: BP) increased its dividend and accelerated its share repurchases to their quickest rate to date. Even if the energy crisis caused by Russia's invasion of Ukraine poses a threat to the global economy, the oil and gas business is increasing shareholder returns as cash flows in. BP (NYSE: BP) stated that it anticipates oil prices to continue elevated and emphasized its investments in extra supplies.
BP (NYSE:BP) CEO Bernard Looney in a Tuesday statement said that Today's results demonstrate that BP (NYSE:BP) continues to ...
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BP Increases Profitability as Oil Refining and Trading Drive Profit Surpass