Reuters logo
BP Q1 profit slightly ahead of forecasts, raises dividend
April 29, 2014 / 6:15 AM / 3 years ago

BP Q1 profit slightly ahead of forecasts, raises dividend

LONDON, April 29 (Reuters) - British oil firm BP posted quarterly profit slightly above forecasts and upped its dividend for the second time in six months, in line with a pledge made earlier this year to focus on returning more cash to shareholders.

The company on Tuesday posted underlying replacement cost profit of $3.2 billion, down from $4.2 billion in the same period a year ago, but slightly ahead of a consensus forecast of $3.1 billion.

BP also said it would raise its quarterly dividend to 9.75 cents per share, 8.3 percent higher than a year earlier. (Reporting by Sarah Young; editing by Kate Holton)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below