8/3/2021, 8:06 AM (Source: TeleTrader)
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BP's total revenue soars 81% to $37.6B in Q2

BP plc reported on Tuesday that its total revenues and other income in the second quarter of fiscal 2021 surged 80.96% compared to the same trimester a year before to reach $37.59 billion.

Profit attributable to BP shareholders came in at $3.1 billion in the second quarter, as opposed to a loss of $16.8 billion in the same quarter of 2020. Diluted earnings per ordinary share came in at $0.154 compared to the loss of $0.833 reported a year ago.

"Based on the underlying performance of our business, an improving outlook for the environment and confidence in our balance sheet, we are increasing our resilient dividend by 4% per ordinary share and in addition, we are commencing a buyback of $1.4 billion from first half surplus cash flow," BP CEO Bernard Looney claimed.

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