UPDATE: BP Posts Upbeat Q3 Profit, Lifts Dividend
BP Plc (NYSE: BP) reported upbeat third-quarter profit.
BP's underlying replacement profit dropped to $3.692 billion, from $5.017 billion, in the year-ago period. However, analysts were expecting a profit of $3.170 billion.
BP also lifted its quarterly dividend by 5.6% to 9.5 cents per share.
BP shares closed at $43.72 yesterday.
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