Oil major BP boosts dividend as quarterly profits jump on high commodity prices

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LONDON — U.K. oil giant BP on Tuesday raised its dividend and boosted share buybacks after tripling second-quarter profits on robust refining margins and trading. The British energy major posted second-quarter underlying replacement cost profit, used as a proxy for net profit, of $8.5 billion. That compared with a profit of $6.2 billion in the first three months of the year and $2.8 billion fo...

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