Tornado Alley (PROG)

[B402]

Record Profits....Buy backs,,,Dividends...

Go to BP home page, click quarterly results....Its that easy eh..But not in our political atmosphere

During 2021 bp generated surplus cash flow* of $6.3 billion.

Share buybacks of $1.725 billion were executed during the fourth quarter including $1.25 billion announced with third quarter results and $475 million to complete the buybacks announced with second quarter results.

bp intends to execute a further $1.5 billion share buyback from 2021 surplus cash flow prior to announcing its first quarter 2022 results.

For 2022, and subject to maintaining a strong investment grade credit rating, bp is committed to using 60% of surplus cash flow for share buybacks and intends to allocate the remaining 40% to strengthen the balance sheet.

On average, based on bp’s current forecasts, at around $60 per barrel Brent and subject to the board’s discretion each quarter, bp expects to be able to deliver share buybacks of around $4.0 billion per annum and have capacity for an annual increase in the dividend per ordinary share of around 4% through 2025

Just wait till next Quarter,,,

https://www.bp.com/en/global/corporate/investors/results-and-presentations/quarterly-results-and-webcast.html