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Higher oil price boosts BP's recovery, second-quarter profit up four-fold

Updated : July 31, 2018 09:14 PM IST

Second-quarter results have been a mixed bag for the world's top oil companies.
Total beat forecasts and boosted production targets while Royal Dutch Shell launched a $25 billion share buyback programme despite profits falling short of expectations.
BP confirmed it would increase its quarterly dividend for the first time in nearly four years, offering 10.25 cents a share, an increase of 2.5 percent. It bought back shares to the tune of $200 million in the first half.
Higher oil price boosts BP's recovery, second-quarter profit up four-fold
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