BP increases net profit, secures dividend and announces share buybacks - financial expert analyzes quarterly figures

BP increases net profit, secures dividend and announces share buybacks - financial expert analyzes quarterly figures

According to a report by www.n-tv.de, the oil company BP only generated half of the previous year's profit in the final quarter, but shareholders should not be affected by this. The group is ending the year with stable distributions to shareholders and is also planning share buybacks in the first half of the year.

The outlook for BP appears to be positive despite the profit decline, as its fourth-quarter net profit beat analysts' expectations. Gas trading operations played a key role in BP performing better than expected. The group also plans to buy back shares worth $14 billion by 2025 and focus more on renewable and low-carbon energy.

The positive news from the quarterly report has already led to a six percent increase in the BP share price. Shareholders and analysts are reacting positively to the company's announcement of higher payouts and more visibility. These measures could also have a long-term impact on BP's competitiveness and increase investor confidence.

Despite a weaker overall result compared to the previous year, the quarterly profit shows that BP is on a positive course. The planned investments in renewable energy and the reduction of oil and gas production could contribute to a more sustainable business model in the long term and strengthen BP's position in the market.