BP Resumes Buybacks After Q1 Profit Triples ...Middle East

BP (NYSE: BP) is resuming share buybacks this quarter after more than tripling its first-quarter earnings from a year ago on the back of rising oil prices and “exceptional gas marketing and trading performance,” the UK-based supermajor said on Tuesday. BP kicked off today Big Oil’s Q1 earnings season, reporting underlying replacement cost profit—its proxy for net profit—of $2.63 billion, up from $791 million for the first quarter of last year and from just $115 million for the fourth quarter of 2020. “This result…

Read More Details
Finally We wish PressBee provided you with enough information of ( BP Resumes Buybacks After Q1 Profit Triples )

Also on site :

• 88 Dragons PR Inc: HISTORIC PEACE AGREEMENT SIGNED BETWEEN DEMOCRATIC REPUBLIC OF CONGO AND RWANDA
• Prosper and Alliant Credit Union Celebrate First Anniversary of Strategic Partnership
• Trump ends all U.S. trade talks with Canada over digital services tax