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02Aug2021 Market Close: Stocks, Bond Yields, And Crude Tumble As ISM Peaks, DOW Closes Down 97 Points, Nasdaq Flat +0 06%, WTI Crude 71 39, Bitcoin Lower 38900

02Aug2021 Market Close: Stocks, Bond Yields, And Crude Tumble As ISM Peaks, DOW Closes Down 97 Points, Nasdaq Flat +0 06%, WTI Crude 71 39, Bitcoin Lower 38900
econintersect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econintersect.com Daily Mail and Mail on Sunday newspapers.

Oil Giant BP Ups Dividend and Confirms Share Buybacks as It Posts Better-Than-Expected Quarterly Profit

We have raised our own plan from $50 to $60 (average oil prices) for the next several years that is on the back of strong demand. GDP is back to pre-pandemic levels and the vaccines are clearly working, OPEC+ is holding discipline and supply is tightening, particularly in U.S. shale, he said. The results reflect a broader trend across the oil and gas industry as energy majors seek to reassure investors they have gained a more stable footing amid the ongoing coronavirus pandemic. The British-Dutch multinational Royal Dutch Shell, France s TotalEnergies and Norway s Equinor all announced share buyback schemes last week.

Learning the hard way: Energy giants leap forward with transition, but could have been swifter

Learning the hard way: Energy giants leap forward with transition, but could have been swifter
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