Tuesday, February 1, 2011

BP resumes dividends despite full-year loss (AP)

LONDON – BP has declared it is resuming dividends as the lubricator consort reportable a acquire in fourth-quarter profits which fell brief of reversing a full-year loss.

BP, which declared a dividend of 7 cents per share, had suspended payments following the Macondo substantially blowout in the Gulf of Mexico in April.

The consort on weekday reportable a acquire of $5.6 billion, up from $4.3 1000000000 a assemblage earlier. However, for the full assemblage BP reserved a expiration of $3.7 1000000000 compared with a acquire of $16.6 1000000000 in 2009.

Replacement outlay acquire — a intimately watched business manoeuvre which reflects listing gains and losses — was $4.6 1000000000 for the quarter, compared to $3.4 1000000000 a assemblage earlier.

THIS IS A BREAKING NEWS UPDATE. Check back presently for further information. AP's early story is below.

LONDON (AP) — BP has declared it is resuming dividends as the lubricator consort reportable a acquire in fourth-quarter profits which fell brief of reversing a full-year loss.

BP, which declared a dividend of 7 cents per share, had suspended payments following the Macondo substantially blowout in the Gulf of Mexico in April.

The consort on weekday reportable a acquire of $5.6 billion, up from $4.3 1000000000 a assemblage earlier. However, for the full assemblage BP reserved a expiration of $3.7 1000000000 compared with a acquire of $16.6 1000000000 in 2009.

Replacement outlay acquire — a intimately watched business manoeuvre which reflects listing gains and losses — was $4.6 1000000000 for the quarter, compared to $3.4 1000000000 a assemblage earlier.


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