Will BP cut its dividend?

The renewed wobble in crude was accompanied by a 10% slide in BP’s shares, putting the dividend under pressure.

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BP has suffered its worst-ever annual loss

According to an old equity-market adage, January sets the tone for the year. After the worst January in years, the beginning of February was nothing to write home about, with stocks slipping again mid-week as oil headed back to 12-year lows. The renewed wobble in crude was accompanied by a 10% slide in BP's shares as it announced its full-year figures for 2015.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.