In a statement sent this Tuesday to the London Stock Exchange BP (British Petroleum) notes that the losses in 2022 contrast with profits of $7,565 million (7,043 million euros) the previous year.
Earnings between October and December last year were 364% higher compared to the same quarter in 2021.
The underlying profit (internal calculation in the company on earnings) reached $27,653 million (€25,744 million) in 2022, 115.7% more than in 2021.
The oil company managed to reduce its debt in 2022 to $21,422 million (19,943 million euros), a 30% reduction from the previous year, according to a statement from the British company, which reports results in dollars because it is the currency used in oil markets.
The company’s ebidta (earnings before interest, taxes, depreciation and amortization) was $60,747 million (€56,555 million), up 62% from the previous year.
The company points out that in the last quarter of 2022 it carried out share buybacks for $3,200 million (€2,979 million, while the actual flow in the last three months was $5,100 million (€4,748 million).
As for 2023, BP intends to allocate 40% of the cash surplus to strengthen the balance sheet while remaining focused on investment and share buybacks.
According to projections, BP expects to make a share buyback of $4,000 million (€3,724 million) per year and claims to be able to make an annual increase in the annual dividend per (common) share of 4%.
BP has announced a dividend of 6.610 cents per share (common) that it expects to pay on March 31 to shareholders, while the equivalent in pounds will be announced on March 14.
The company also indicated that (compared to 2019 levels) it expects carbon emissions from oil and gas production to be reduced by 20% to 30% by 2030.
