‘Big surprise’: BP boosts dividend as profit drops faster than forecast in second quarter

Profits sink 69% and fall below forecasts as supermajor launches another $1.5 billion buy-back

Profits below forecasts: BP chief executive Bernard Looney. — Profits below forecasts: BP chief executive Bernard Looney.Photo: BP

Davide Ghilotti

London

BP Benard Looney Murray Auchincloss Europe Western Europe

Published 1 August 2023, 06:28Updated 2 August 2023, 07:56