by Jillian Ambrose on (#5MX0P)
Energy giant raises oil price forecasts for rest of decade, but lowers them for longer term• Future dividends will raise doubts about green plansBP will hand shareholders a surprise dividend increase, and $1.4bn (£1bn) in share buybacks, after the company returned to profit after a rebound in oil prices which it believes could last for the rest of the decade.The oil giant predicted that the world’s demand for oil will reach pre-pandemic levels by the second half of next year, and lifted the value of its oil reserves by $3bn after revising its forecasts for oil prices higher for the rest of the decade. Continue reading...