BP's High Free Cash Flow Yield And Efficient Capital Improvements Drive Confidence: Goldman Sachs

BP p.l.c. 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 a ...