Will FTSE 100 Energy Giant BP Finally Give Investors Some Joy?
1. BP reported better-than-expected Q2 results, earning $2.4 billion. 2. Largest oil and gas discovery in 25 years made in Brazil. 3. Investments in upstream oil and gas business to increase by 20%. 4. BP raised its quarterly dividend by 4% and plans share buybacks. 5. CEO emphasizes maximizing shareholder value amid cost-cutting strategies.