BP Reports Rise In Q4 Profit, Lifts Dividend

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BP PLC
BP
reported a 14% surge in its Q4 adjusted net profit and announced its plans to lift the dividend. BP would lift its dividend by 14% to 8 cents a share. BP's clean replacement cost profit surged 14% to $4.99 billion, versus $4.36 billion in the year-ago quarter, and versus analysts' expectations of $4.88 billion. BP's quarterly net profit surged to $7.69 billion, from $5.57 billion, in the year-ago quarter. Its total revenue climbed to $96.34 billion from $83.99 billion. BP's diluted earnings per share came in at 39.99 cents, up from 29.28 cents the previous year. BP shares dropped 1.11% to $46.35 in pre-market trading.
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Posted In: EarningsNewsDividendsEarnings
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