BP hikes dividend payments despite first quarter profits easing to $5bn
BP made profits of $5bn in the first quarter of the year, as the rewards for shareholders are being stepped up.
The sum was, however, static on the fourth quarter award and BP also scaled back the size of its recent share buybacks to $1.75bn . BP paid just over $1bn under the energy profits levy for its North Sea activities in the final quarter of 2022.
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