A more-than-doubling in FY2022 profits and an impressive increase in cash flow from operations have led bp to increase its quarterly dividend by 10% and continue its buyback spree with $2.75 in Q1 FY2023. The updated outlook highlights increased EBITDA from the energy transition business of around $10-$12bn by 2030, with double-digit returns across the EV charging, hydrogen, and bioenergy businesses while “resilient hydrocarbons” will still contribute 75%-76% of the EBITDA at an assumed oil pric ....
08 Feb 2023
Q4: bp appreciates high returns from O&G in commitment to stable returns
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Q4: bp appreciates high returns from O&G in commitment to stable returns
BP p.l.c. (BP:LON) | 515 12.9 0.5% | Mkt Cap: 86,616m
- Published:
08 Feb 2023 -
Author:
Elif Binici -
Pages:
5
A more-than-doubling in FY2022 profits and an impressive increase in cash flow from operations have led bp to increase its quarterly dividend by 10% and continue its buyback spree with $2.75 in Q1 FY2023. The updated outlook highlights increased EBITDA from the energy transition business of around $10-$12bn by 2030, with double-digit returns across the EV charging, hydrogen, and bioenergy businesses while “resilient hydrocarbons” will still contribute 75%-76% of the EBITDA at an assumed oil pric ....