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BP raises dividend as profits soar

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Oil Giant BP has upped its dividend and has confirmed share buybacks

The U.K.-based energy major said it will buy back $1.4 billion of its own shares in the third quarter.

This all comes after the company posted better than expected quarterly profits.

Operating cash flow sat at $5.4 billion at the end of the second quarter, which includes the annual payment of around $1.2 billion the company makes for the Gulf of Mexico oil spill in 2010.

Meanwhile, net debt fell to $32.7 billion from $33.3 billion in the first quarter, marking the fifth consecutive quarter of decreased debt from the $51 billion seen in the first quarter of 2020.

It also anticipates buybacks of around $1 billion per quarter and an annual dividend increase of 4 percent through 2025.

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Money

Financial stress deemed a leading cause of relationship breakdowns

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Expert insights on preventing financial conflicts and keeping relationships thriving

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

In this episode, Andrew is joined by Dee Tozer, Couples Master Coach.

#investment insights

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Finance expert reveals the top financial concerns keeping people up at night

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Expert tips on addressing common financial challenges and achieving your goals

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

#investment insights

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Key strategies unveiled to lower your mortgage payments

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Expert advice on negotiating better rates and managing debt effectively

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

In this episode, Andrew is joined by Laurence Barlow, Founder of Credit Reboot. #investment insights

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