LONDON — U.K. oil giant BP on Tuesday raised its...
LONDON — U.K. oil giant BP on Tuesday raised its dividend and boosted share buybacks after tripling second-quarter profits on robust refining margins and trading.
The British energy major posted second-quarter underlying replacement cost profit, used as a proxy for net profit, of $8.5 billion.
That compared with a profit of $6.2 billion in the first three months of the year and $2.8 billion for the second quarter of 2021. Analysts had expected BP to report a first-quarter profit of $6.3 billion, according to Refinitiv.
BP also announced a 10% increase in its quarterly dividend payout to shareholders, raising it to 6.006 cents per ordinary share. It also increased its share repurchases plan for the current quarter to $3.5 billion.
Benchmark U.S. crude oil for September delivery fell $4.73 to $93.89 a barrel Monday....
Benchmark U.S. crude oil for September delivery fell $4.73 to $93.89 a barrel Monday. Brent crude for October delivery fell $3.94 to $100.03 a barrel.
Wholesale gasoline for September delivery fell 11 cents to $3 a gallon. September heating oil fell 11 cents to $3.44 a gallon. September natural gas rose 5 cents to $8.28 per 1,000 cubic feet.
U.S. drone strike reportedly kills al-Qaida leader Ayman al-Zawahri
WASHINGTON — A CIA drone strike has killed al-Qaida leader Ayman al-Zawahri 👍in Afghanistan, according...
WASHINGTON — A CIA drone strike has killed al-Qaida leader Ayman al-Zawahri 👍in Afghanistan, according to people familiar with the matter.
Current and former officials began hearing Sunday afternoon that al-Zawahri had been killed in a drone strike, but the administration delayed releasing the information until his death could be confirmed, according to one person, who spoke on the condition of anonymity to discuss the matter.
Al-Zawahri’s loss eliminates the figure who more than anyone shaped al-Qaida, first as Osama bin Laden’s deputy since 1998, then as his successor. Together, he and bin Laden turned the jihadi movement’s guns to target the United States, carrying out the deadliest attack ever on American soil — the Sept. 11, 2001, suicide hijackings.
U.S. stocks end slightly lower following best month for S&P 500, Dow since November 2020
U.S. stock indexes ended slightly lower, snapping a three-session streak of gains on Monday,...
U.S. stock indexes ended slightly lower, snapping a three-session streak of gains on Monday, following the S&P 500’s and Dow industrials’ biggest monthly gain since November 2020.
The Dow Jones Industrial Average DJIA finished down by 46.73 points, or 0.1%, at 32,798.40.
The S&P 500 SPX ended 11.66 points, or 0.3%, lower at 4,118.63 after flipping between small gains and losses.
The Nasdaq Composite COMP closed down by 21.71 points, or 0.2%, at 12,368.98.
Those are the largest one-day declines for all three indexes since July 26.
Stocks had finished sharply higher on Friday, leaving the Dow up 6.7% for July and the S&P 500 higher by 9.1% last month; those were the biggest monthly gains since November 2020. The Nasdaq surged 12.3% for its best monthly performance since April 2020 and its strongest July on record, according to Dow Jones Market Data.
Devon Energy Reports Second-Quarter 2022 Financial and Operational Results
OKLAHOMA CITY, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today...
OKLAHOMA CITY, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today reported financial and operational results for the second quarter of 2022. The company’s earnings release, supplemental financial tables, updated guidance and related earnings presentation can be accessed via the Investor Relations section of Devon’s website, www.devonenergy.com.
The company’s second-quarter conference call will be held at 10:00 a.m. Central (11:00 a.m. Eastern) on Tuesday, August 2, 2022, and will serve primarily as a forum for analyst and investor questions and answers.
