BP Quarterly Profit Jumps To 14-Year High

August 2, 2022
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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BP (NYSE: BP) on Tuesday increased its quarterly dividend by 10% and extended share buybacks after high oil and gas prices in the second quarter resulted in the supermajor’s highest quarterly earnings in 14 years, which easily beat analyst expectations. BP reported today an underlying replacement cost profit—its preferred metric for net profit—of $8.45 billion for the second quarter, up from $6.2 billion for the previous quarter and well above analyst estimates of $6.8 billion. The jump in Q2 earnings—the highest quarterly profit…

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

BP Quarterly Profit Jumps To 14-Year High

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