BP raises divi to nine cents
Integrated oil giant BP reported a sharp quarter-on-quarter increase in underlying replacement cost profit in the third quarter, paving the way for an increase in the dividend.
Integrated oil giant BP reported a sharp quarter-on-quarter increase in underlying replacement cost profit in the third quarter, paving the way for an increase in the dividend.
Adjusted replacement cost profit in the third quarter was $5.17bn, up from $3.69bn in the preceding quarter but down from $5.46bn in the corresponding quarter of 2011.
The quarterly dividend has increased by one cent to nine cents.
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JH