BP share price rises as profits hit record high in 2022
BP said it is raising returns for shareholders and rebalancing investment between oil and gas and its cleaner energy projects.
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BP said it is raising returns for shareholders and rebalancing investment between oil and gas and its cleaner energy projects.
BP’s strong relationship with Russia has seen the stock lose ground since conflict in Ukraine erupted last week, while other oil stocks have rallied on higher prices.
If there is one positive from Russia's attack on Ukraine, it has been how Putin's needless act of aggression has managed to unite a previously fragmented association of countries and their people into a global coalition fighting for Ukraine.
BP swings into profit. Oil steady ahead of API.
Markets are expecting BP to follow in Shell’s footsteps by accelerating distributions to shareholders as cashflow improves thanks to higher oil and gas prices.
BP has deleveraged itself, putting in a solid position to grow dividends and buybacks amid rising oil and gas prices. We explain what to expect from the earnings and consider how BP shares could react.
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