3 August 2021
BP splashes the cash on shareholder returns despite looming low carbon challenges
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown
‘’BP isn’t quite throwing caution to the wind, but the company’s steady as she goes approach has been infused with optimism as higher oil prices make immediate prospects look brighter.
With profits for the quarter coming in at $3.1 billion, the company is splashing surplus cash piled up through an annual increase in the...