Oil giant BP has revealed that profits tumbled by more than two-thirds over the latest quarter, falling below expectations. The company said on Tuesday that it will hand more cash to investors through higher dividends and a further share buyback despite the weaker performance.

Oil giant BP has revealed that profits tumbled by more than two-thirds over the latest quarter, falling below expectations. The company said on Tuesday that it will hand more cash to investors through higher dividends and a further share buyback despite the weaker performance.