‘Steady progress’ as BP interim profits rocket 400% on rising crude oil price

BP interim results Jan-Jun 2018
BP interim results Jan-Jun 2018

As for Shell earlier in the week, a rising tide of crude oil prices over the past six months lifted BP’s half-year profits to $2.8 billion – four times that reported for the same period in 2017.

As a result, its shares dividend was increased 2.5% to 10.25 cents a share – the first rise since the third quarter of 2014.

Bob Dudley, chief executive, said that these interim results marked ‘steady progress’ against BP’s strategy and plans.

1 Aug 2018

 

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