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LONDON BRIEFING: BP promises buybacks and 4% annual dividend hikes Tue, 3rd Aug 2021 08:12 (Alliance News) - BP on Tuesday lifted its quarterly dividend and unveiled a USD1.4 billion share buyback, while dangling the prospect of more of both to shareholders. The oil major swung to an underlying replacement cost profit for the second quarter of USD2.80 billion from a USD6.68 billion loss a year ago. It also marked an improvement from the first quarter of 2021, when it recorded profit of USD2.63 billion. Profit was driven by higher oil prices and margins, offset by a lower result in gas marketing and trading

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