BP reports £3bn loss but restores dividend

first_img Tags: NULL BP has reported a loss of $4.9bn (£3.1bn) for 2010 even after the cost of the Gulf of Mexico spill was taken into account.The replacement cost loss comes after $40.9bn was set aside to pay for the aftermath of the disaster.BP had recorded a $13.9bn profit in 2009.The company’s chief executive, Robert Dudley, said BP would restore its dividend payment to shareholders, paying 7 cents a share.The dividend payouts had been suspended in the wake of the Gulf of Mexico oil spill.Oil pricesBP’s profits during the fourth quarter of 2010 were $4.6bn, a third higher than in the same quarter a year previously.Some of the increase in profits during the fourth quarter was thanks to the rising oil price, which had climbed to £$90 a barrel by the end of last year.BP also said in its results statement that it would sell its Texas City oil refinery, where 15 workers were killed in an explosion at the plant in 2005. BP reports £3bn loss but restores dividend by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeZen HeraldShe Inspired Three Of The Most Popular Songs EverZen HeraldAbsolute HistoryA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserAbsolute HistoryReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterYahoo! SearchSearch For Cruise Deals For 55 UpYahoo! SearchPaws ZillaAn Aircrew Saw Movement On A Remote Island, Then Took A Closer LookPaws ZillaMisterStocksNancy Sinatra Is Almost 80, Try Not To Smile When You See Her NowMisterStocksArticles SkillThis Is Why People Were Intrigued With Prince Charles’ BroadcastArticles SkillHistory DailyTake A Closer Look At These Vintage PhotosHistory DailyBlood Sugar3 Easy Lifestyle Changes to Help Control Blood Sugar Levels (Watch Now)Blood Sugar whatsapp Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCheese Crostini: Delicious Recipes Worth CookingFamily Proofcenter_img John Dunne Show Comments ▼ whatsapp Tuesday 1 February 2011 3:17 amlast_img

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