BP announces Q2 dividend per ordinary share of 8.32c

The company said, “bp (BP) is committed to maintaining a strong balance sheet and maintaining ‘A’ grade credit range through the cycle. We have a target of $14B-18B of net debt by the end of 2027. Our policy is to maintain a resilient dividend. Subject to board approval, we expect an increase in the dividend per ordinary share of at least 4% per year. For the second quarter, bp has announced a dividend per ordinary share of 8.32 cents. Share buybacks are a mechanism to return excess cash. When added to the resilient dividend, we expect total shareholder distributions of 30-40% of operating cash flow, over time. Related to the second quarter results, bp intends to execute a $0.75B share buyback prior to reporting the third quarter results. The $0.75B share buyback programme announced with the first quarter results was completed on 1 August 2025. bp will continue to invest with discipline, driven by value and focused on delivering returns. We continue to expect capital expenditure to be around $14.5B in 2025. The capital frame of around $13B-15B for 2026 and 2027 remains unchanged.”