BP (BP.L) raised its dividend and said it had completed a $1.5 billion share buyback program in a sign of confidence in its growing oil and gas business on the last day in office for Chief Executive Bob Dudley.
BP shares were trading 4.5% higher at 1115 GMT on Tuesday, on course for their biggest daily gain in over a year after the company’s profit beat forecasts for a twelfth quarter in a row.
Brazil Energy Insight 
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