Oil major BP raises dividend as second-quarter profit beats expectations
Publishing timestamp: 2024-07-30 06:11:11
Summary
BP reported stronger-than-expected net profit for the second quarter, raised its dividend by 10%, and confirmed a writedown of $1.5 billion. The company's stock price closed slightly lower on Tuesday, but its net debt decreased compared to the same period last year. BP's second-quarter results come as the company seeks to rebuild investor confidence in its strategy amid pressure from activist investors and changes in climate plans.
Sentiment: MIXED
Keywords: business, bp plc, earnings, oil and gas, energy, shell plc, breaking news: europe, business news, equinor asa,
Source: https://www.cnbc.com/2024/07/30/bp-earnings-q2-2024.html