Against a backdrop of volatility in energy markets, our results show our disciplined delivery continues, with net debt falling for the eighth quarter in a row and a further $2.5 billion share buyback announced
Our results for the full year show we’re doing what we said we would – performing while transforming to an integrated energy company - strengthening the balance sheet, growing returns and investing for the future
Solid business performance amid improving conditions generated strong earnings and cash flow, allowing us to strengthen our finances, grow distributions to shareholders and invest in our strategic transformation
Strong business performance and continued net debt reduction in an improving environment, enabling us to increase our resilient dividend by 4% per ordinary share for the second quarter and in addition, start a buyback of $1.4 billion from first half surplus cash flow
Strong business performance this quarter has enabled us to meet our $35 billion net debt target early and move to a phase of share buy backs
In a tough year for the world and for bp, we continued to operate safely and reliably while reducing costs, completing major divestments and making strong strategic progress
Over three afternoons on 14-16 September, chief executive officer Bernard Looney and members of his leadership team offered further insight into bp’s new strategy, which was launched on 4 August. bp week also included the launch of this year's Energy Outlook, hosted by group chief economist Spencer Dale.
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