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BP Hits Q2 Earnings Forecasts, Holds Dividend Steady Amid Rising Oil Prices

BP plc (BP) posted second quarter earnings that were largely in-line with forecasts and maintained its dividend as the group swung into profit thanks to gradually rising global oil prices.

BP said profits for the three months ending in June hit $144 million, a massive swing from the $1.14 billion loss recorded over the same period last year. Earnings per share came in at $0.04, the company said, matching the FactSet...