BP Increases Dividend as Profit Exceeds Analysts’ Estimates
This article is for subscribers only.
BP Plc, Europe’s second-biggest oil company, raised its dividend as third-quarter profit beat analysts’ estimates.
Net income climbed to $5.4 billion from $5 billion a year earlier as underlying earnings from refining and marketing jumped to a record, London-based BP said today in a statement. It raised the dividend by 12.5 percent to 9 cents a share.