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LONDON BRIEFING: BP promises buybacks and 4% annual dividend hikes Tue, 3rd Aug 2021 08:12 (Alliance News) - BP on Tuesday lifted its quarterly dividend and unveiled a USD1.4 billion share buyback, while dangling the prospect of more of both to shareholders. The oil major swung to an underlying replacement cost profit for the second quarter of USD2.80 billion from a USD6.68 billion loss a year ago. It also marked an improvement from the first quarter of 2021, when it recorded profit of USD2.63 billion. Profit was driven by higher oil prices and margins, offset by a lower result in gas marketing and trading ....
LONDON MARKET PRE-OPEN: BP Swings To Loss As Covid-19 Hits Earnings Tue, 2nd Feb 2021 07:52 (Alliance News) - Stock prices in London were called for a positive open on Tuesday, tracking global peers higher, with sentiment buoyed by US stimulus hopes. Oil major BP swung to an annual loss as the coronavirus pandemic battered oil prices and brought global travel to a standstill. Electricity utility SSE said it anticipates annual operating profit in the middle of its guided range. Irish support services firm DCC said it saw a strong third quarter. IG futures indicate the FTSE 100 index is to open 42.58 points higher at 6,509.00. The blue-chip index closed up 58.96 points or 0.9%, at 6,466.42 Monday. ....
Pandemic leads BP to suffer its first loss in a decade explica.co - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from explica.co Daily Mail and Mail on Sunday newspapers.