BP today racked up profits of $8.5 billion (£6.95 billion), up more than a third on the previous quarter after a continued surge in oil prices.
The energy giant is to use surplus cash to buy back another $3.5 billion (£2.9 billion) of its shares, while it has hiked its dividend for the quarter by 10%.
The results come with the Brent crude price back at $100 a barrel, having fallen yesterday after manufacturing data from China and elsewhere heightened fears over weaker demand.
