BP recorded a quarterly profit of $2.8 billion, for the second quarter of 2021, compared to losses of $6 billion and 700 million in the same period of the year. the past.
According to Arabiya Net, the company's results were better than analysts' expectations, which were at two billion dollars.
As a result of the positive results, BP raised its dividend by 4%, in addition to allocating $1.4 billion to its share buyback program in the third quarter, and $1 billion for the fourth quarter of the year.
BP's profit more than tripled in the first quarter of the year compared to the same period a year ago, to $2.6 billion, exceeding expectations, supported by high oil prices and significant revenues from trading in natural gas.
The British energy company said it was committed to buy back shares after its net debt fell below its target of $35 billion, earlier than expected.
