BP Reports Strong Q2 Earnings, Hikes Dividend ...Middle East

BP reported an underlying replacement cost profit of $2.8 billion for the second quarter of the year, up from $2.6 billion for the first quarter, citing higher oil prices, which helped offset a weaker performance in gas marketing and trading. "We are a year into executing bp's strategy to become an integrated energy company and are making good progress - delivering another quarter of strong performance while investing for the future in a disciplined way," chief executive Bernard Looney said. In addition to the stronger profit, BP also reported…

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