Oil giant BP ups dividend and confirms share buybacks as it posts better-than-expected quarterly profit

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Oil giant BP ups dividend and confirms share buybacks as it posts better-than-expected quarterly profit
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Oil and gas giant BP beat second-quarter earnings expectations on Tuesday, while expanding its dividend and share buyback program.

in the second quarter, up from an average of $61 in the first three months of the year.

It comes after a 12 month period which BP has described as "a year like no other" for global energy markets., BP said that over the past seven decades the company had borne witness to some of the most dramatic episodes in the history of the global energy system. These crises included the Suez Canal crisis in 1956, the oil embargo of 1973, the Iranian Revolution in 1979 and the Fukushima disaster in 2011.

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