BP to hand investors $7bn this year after profit beats forecasts

Oil and gas company to increase dividend and buy-backs as quarterly profit hits $2.8bnBusiness live - latest updatesBP has posted better than expected profits of almost $2.8bn (?2.2bn) for the April to June period and has promised to shower its shareholders with higher dividends and share buy-backs over the rest of the year.The company will lift its dividend payments while buying back stock worth $1.75bn over the next three months to bring its total buy-backs for the first half of the year to $3.5bn - and $7bn for 2024 as whole. Continue reading...