BP Surpasses Forecasts and Increases Share Repurchase Program

Title: BP Beats Forecasts and Doubles Down on Commitment to Shareholder Returns

Introduction:
BP, one of the world’s largest oil and gas companies, has recently announced its fourth-quarter profit results, beating forecasts and reaffirming its commitment to returning cash to investors. This news has caused a surge in the company’s share price, placing it at the top of the FTSE 100.

Financial Performance:
BP reported a fourth-quarter profit of $2.6 billion, surpassing analysts’ expectations of $2.1 billion. This is a significant improvement from the same period last year, where the company reported a loss of $583 million. The increase in profit can be attributed to higher oil prices and a rise in production levels.

Commitment to Shareholder Returns:
In addition to its strong financial performance, BP has also doubled down on its commitment to returning cash to shareholders. The company plans to increase its dividend by 4% for the fourth quarter, bringing the total dividend for the year to 10.5 cents per share. This is in line with BP’s pledge to maintain its dividend at this level until 2025.

Impact on Share Price:
The news of BP’s strong financial performance and commitment to shareholder returns has had a positive impact on  

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