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Oil and gas prices drive $1.5B BP return to shareholders

BP is the latest to report huge quarterly and full year profits after Shell last week and will return $1.5 billion to shareholders this quarter via a buyback and a fourth quarter dividend of 5.46c per share.

BP CEO Bernard Looney

BP CEO Bernard Looney

It is the highest full-year profit in eight years.  Annual underlying cost profit was US$12.8 billion and $4.07 billion for the three months to the end of December.  This compared with a loss of...

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