Energy
BP returns more cash to shareholders despite weaker oil prices and profit miss
The British oil giant saw its second quarter profits more than halve to $2.6bn as oil and gas prices returned to more normal levels this year
BP, the British oil giant led by Irishman Bernard Looney, has raised its final dividend by 10 per cent and said it would buy back another $1.5 billion of shares, even as its second-quarter profit fell by more than expected amid weaker oil and gas prices.
The results follow the pattern set by Big Oil peers Shell Plc, Total Energies, Exxon Mobil and Chevron, all of which have focused on increasing returns to investors even ...
