Business · 4 August 2026
Higher oil prices from the US-Iran war push BP profits to $5.73 billion
Investors will get a 4% bump in their dividend payouts, taking payments to 8.66 cents a share. Chief executive Meg O'Neill admitted on Tuesday that the firm has struggled to meet expectations recently, and she promised stricter rules on future investments. The business plans to spend up to $14 billion throughout 2026 after abandoning its recent push into renewable energy.
Reported by Reuters · How we write briefs