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BP's High Free Cash Flow Yield And Efficient Capital Improvements Drive Confidence: Goldman Sachs
BP p.l.c. (NYSE:BP) shares are trading higher today. Goldman Sachs analyst Michele Della Vigna revised estimates after the company reported second-quarter FY24 results yesterday.
The British oil and gas giant reported sales and other operating revenues of $47.299 billion, missing the consensus of $52.925 billion.
Also, Underlying RC profit per American Depositary Share (ADS) came in at $1.00, beating the consensus of $0.92.
BP has announced a 10% increase in its interim dividend to 8.000 cents per ordinary share and completed $1.75 billion in share buybacks during the quarter.
According to their estimates, the analyst ...