BP's Second Quarter Net Profit Surpasses Expectations, Dividend Raised

Benzinga
Benzinga
  • 29 days ago
British oil giant BP reported a net profit for the second quarter that surpassed analyst expectations and raised its dividend. Despite predicting weaker results due to lower refining margins, BP managed to maintain strong performance. The company confirmed a writedown linked to reduced refinery operations in Germany. BP's net debt decreased, and its share buyback program remains at over $1 billion for the next quarter.

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