BP reported second-quarter profit of $5.73 billion, more than double the $2.35 billion from a year earlier, driven by higher oil and gas prices and strong refining margins. Oil majors have benefited from market volatility caused by the US-Iran conflict, which disrupted energy flows and tightened global supplies. CEO Meg O'Neill announced the company would increase its dividend by 4 percent.
Quwwaa is your AI news butler — a personalized brief and assistant for the stories you care about.
See more on Quwwaa — create a free account