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BP's profit falls 26%

  • BP's (BP) Q3 underlying replacement profit dropped to $3.7B from $5B a year earlier but exceeded forecasts of $3.4B.
  • BP raised its dividend by 5.6% to 9.5 cents a share, and said it intends to sell another $10B in assets within two years and use the money to pay shareholders.
  • Production 3.17M barrels of oil equivalent a day.
  • Of BP's $20B oil spill compensation fund, $19.3B has been paid or assigned. (PR)
Comments (11)
  • tomlos
    , contributor
    Comments (1116) | Send Message
    What is this dividend per ADR?
    29 Oct 2013, 08:48 AM Reply Like
  • bigbenorr
    , contributor
    Comments (764) | Send Message
    $0.57 I think its a 6:1 ratio
    29 Oct 2013, 09:49 AM Reply Like
  • tomlos
    , contributor
    Comments (1116) | Send Message
    Thank you. I have not been able to find this anywhere just yet, been looking all over. Everything is being reported in pencs.
    29 Oct 2013, 09:53 AM Reply Like
  • quinnman
    , contributor
    Comments (104) | Send Message
    Correct, quarterly
    29 Oct 2013, 10:00 AM Reply Like
  • 8869201
    , contributor
    Comments (10) | Send Message
    I am very disappointed with the small dividend increase. I was hoping it would be $0.60. I am unsure about the company's future as they must not have enough to pay out a much higher dividend.
    29 Oct 2013, 11:00 AM Reply Like
  • tomlos
    , contributor
    Comments (1116) | Send Message
    You should listen to the CEO, as well as the statements put out this morning. They have plenty more room to increase the dividend but are being cautious. I applaud BP for being cautious as they get back to where they were.
    29 Oct 2013, 11:10 AM Reply Like
  • divestor
    , contributor
    Comments (98) | Send Message
    I agree tomlos. Steady increases are best.
    29 Oct 2013, 11:29 AM Reply Like
  • Ryan Takach
    , contributor
    Comments (56) | Send Message
    Small increase better than none at all. I'm happy with the cautious approach as well.
    29 Oct 2013, 12:19 PM Reply Like
  • Elz4107
    , contributor
    Comments (189) | Send Message
    Given all the circumstances and uncertainties a 5.6 percent increase is not chopped liver!
    30 Oct 2013, 10:26 PM Reply Like
  • seymore4
    , contributor
    Comments (39) | Send Message
    lol @ mr 8869201
    29 Oct 2013, 12:24 PM Reply Like
  • jklo16310
    , contributor
    Comments (7) | Send Message
    Dividend information - ADSs Rate Date announced Add to Outlook
    Cash dividend per ADS (in US dollars) $0.57 29-Oct-13 Add to Outlook - This link opens in a new window
    Reference share price per ADS (US dollars) $Tbc* 12-Nov-13 Add to Outlook
    29 Oct 2013, 02:57 PM Reply Like
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