“BP earns $3 billion at the end of last year but saw its annual profit fall by half from 2022”
February 8, 2024
“Oil and natural gas giant BP beat expectations on Tuesday with earnings of $3 billion in the last three months of 2023, bringing last year’s total to half its record 2022 profit as energy prices have fallen since spiking after Russia’s invasion of Ukraine…
Despite the drop in annual earnings, BP kept its dividend steady and said it would buy back $1.75 billion in shares as well as commit to $3.5 billion in additional share buybacks for first half of this year. The company’s stock rose 5.75% in morning trading…”
https://finance.yahoo.com/news/bp-earns-3-billion-end-103037310.html