BP posts record 2022 earnings to join Big Oil profit bonanza
Publishing timestamp: 2023-02-07 03:51:43
Summary
BP reported record annual profits of $27.7 billion for 2022, more than doubling last year's total. BP announced a $2.75 billion share buyback and a 10% dividend increase. Other energy giants such as Shell, Exxon Mobil, and Chevron also reported bumper earnings. BP CEO Bernard Looney described the earnings as "a good set of results" and emphasized the company's commitment to energy transition. There has been criticism of the oil and gas industry and calls for higher taxes.
Sentiment: MIXED
Tickers: XOM, SHEL-GB, CVX, TTE-FR, BP.-GB, BP.-LN,
Keywords: energy, oil and gas, business news, bp plc, ukraine, breaking news: europe, earnings,
Source: https://www.cnbc.com/2023/02/07/bp-earnings-q4-and-fy-2022.html