10:58 AM EDT, 07/30/2024 (MT Newswires) -- (Updates with share buyback and dividend information in the fifth and sixth paragraphs.)

BP (BP) reported Q2 underlying earnings Tuesday of $1 per American depositary share, up from $0.89 a year earlier.

Analysts polled by Capital IQ expected $1.14.

Revenue for the quarter ended June 30 was $47.3 billion, compared with $48.54 billion a year earlier.

Two analysts surveyed by Capital IQ expected $49.62 billion.

BP said it plans to repurchase $1.75 billion shares ahead of Q3 results. The company aims to conduct at least $14 billion in share buybacks through 2025, it added.

Additionally, BP declared a quarterly dividend of $0.08 per share.

Price: 34.86, Change: -0.10, Percent Change: -0.30