Logo of British Petrol BP is seen e at petrol station in Pienkow, Poland, on June 8, 2022.LONDON - BP's second quarter profit soared to $8.45 billion , its highest in 14 years, as strong refining margins and trading prompted it to boost its dividend and spending on new oil and gas production.
"We will direct more investment towards hydrocarbons to help with energy security in the near term," Looney said. "We'll probably direct about a half a billion dollars for hydrocarbons." The company also increased its share repurchases plan for the current quarter to $3.5 billion after it bought $4.1 billion in the first half of the year.
Source: News Formal (newsformal.com)
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