Company’s adjusted net profit doubled British Petroleum “BP” 3 times on an annual basis during the second quarter of this year to 8.45 billion dollars, which came better than the average expectations of analysts.
The company also raised the dividend to 6 cents per share, an improvement over the previous commitment to raise dividends by 4% annually until 2025.
Net debt also decreased to $22.8 billion at the end of the second quarter, down from about $33 billion last year.
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