BP : Q2 results beat forecasts with an increase in dividend and share buybacks
>Q2 2022 results beat expectations - - Adjusted EBIT was $ 12.766bn, i.e. 7.4 % above the consensus (ODDO BHF: $ 11.553bn, consensus: $ 11.890bn). The group generated adjusted net earnings of $ 8.451bn, 34% and 24.5% above our forecasts and those of the consensus (ODDO BHF: $ 6.312bn; consensus: $ 6.79bn) thanks to a very low tax rate of 29%. Moreover, the group has revised down its guidance for corporate tax for 2022 from 40% to 35%. - Solid results underpinn...BP is an integrated oil and gas group based in the United Kingdom. Co. is engaged in the exploration and production of crude oil and natural gas; refining, marketing, supply and transportation; and the manufacture and marketing of petrochemicals. Co. operates globally, with business activities in Europe, the U.S., Canada, Russia, South America, Australasia, Asia and parts of Africa. Co. operates in two business segments: Exploration and Production - including oil and natural gas exploration and development and production; and Refining and Marketing- activities include the refining, manufacturing, supply and trading, marketing and transportation of crude oil, petroleum and petrochemicals.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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