BP PLC reported a profit of $0.4 billion for Q4 2023, down from $4.9 billion in Q3 2023, with total annual profit at $15.2 billion, compared to a loss of $2.5 billion in 2022. The company announced a dividend increase to 7.270 cents per share and plans $3.5 billion in share buybacks for H1 2024, reflecting their strong cash flow and reduced net debt to $20.9 billion.