BP announces $2.57 billion in profit in 4th quarter, 2.4% increase in dividend

BP announces $2.57 billion in profit in 4th quarter, 2.4% increase in dividend

Oil and gas giant BP fourth quarter underlying replacement cost profit - its own definition of net income - came in at $2.57 billion, exceeding analysts’ forecasts of $2.1 billion. BP raised its dividend by 2.4% to $0.105 per share; the company’s second hike since it acquired BHP’s American shale assets for $10.5 billion in 2018. They also announced completion of a $1.5 billion stock buyback.

Josh
Josh
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