BP’s profit rose to a record level of 28 billion dollars, the dividend increased – #BPs #profit #rose #record #level #billion #dollars #dividend #increased
LONDON, Feb 7 (Reuters) – BP ( BP.L ) is set to hit 28 in 2022 on rising energy prices following Russia’s invasion of Ukraine. billion reported a record dollar profit because the company paid dividends 10% increased. confidence in the market’s continued strength.
BP’s fourth-quarter core replacement cost profit, the company’s definition of net income, was 5 in the company’s survey of analysts. billion dollars compared to an earnings forecast of 4.8 billion reached the dollar.
This is 4 billion a year ago dollars and 8.2 billion in the third quarter of 2022 dollars compared to .
Weak after “exceptional” third quarter to results gas trading activity, high maintenance of oil refinery and low oil and gas prices affected.
Chief executive Bernard Looney said in a statement: “We are strengthening BP, the strongest in 16 years factory With our reliability and lowest production costs, we are helping to generate strong revenue and reduce debt for the eleventh consecutive quarter.”
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BP dividends 10% to 6.006 cents per share. 20 for the first time in a decade since the pandemic20In July, it cut its dividend in half to 5.25 cents.
The company also announced plans to buy back $2.75 billion in stock over the next three months, after buying $11.7 billion in 2022.
Reporting by Ron Bousso and Shadia Nasralla; Edited by Andrew Heavens and Louise Heavens
Our standards: Thomson Reuters Trust Principles.
Shadia Nasralla
2023-02-07 12:12:38
Source – reuters
Translation“24 HOURS”