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Evening Standard
Evening Standard
Business
Michael Hunter

BP shares take a hit on profit miss even after fresh $1.5 billion payday for investors

 BP has unveiled plans for another multi-billion pound payday for shareholders alongside quarterly profits of £2.7 billion, earnings which came in shy of City expectations. 

Shares in the UK’s fourth most valuable company were the biggest fallers on the FTSE 100, despite the $1.5 billion capital return. The stock was down 22p to 505p, a drop of over 4%. 

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