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News

BP Posts Q4 Net Loss; Declares Dividend (BP)

Shauna O'Brien Feb 03, 2015


Before Tuesday’s opening bell, oil and gas company BP (BP ) reported a fourth quarter net loss due to the decline in commodity prices.


BP’s Earnings in Brief


  • BP reported a net loss of $4.407 billion, compared to net income of $1.042 a year ago.
  • The loss per ADS was $1.45, compared to earnings per ADS of 33 cents last year.
  • Revenue totaled $75.096 billion, down from $95.096 billion last year.


CEO Commentary


BP’s CEO Bob Dudley commented: “We have now entered a new and challenging phase of low oil prices through the near and medium term. Our focus must now be on resetting BP.”


BP’s Dividend


The company declared a 60 cent per ADS dividend to be paid on March 27.

According to BP’s CEO: “Every time the price of oil drops, the cost structure also drops, so we may still be able to sustain a dividend for long time even at low prices.”


Stock Performance


Shares of BP were up 57 cents, or 1.43%, during pre-market trading Tuesday. The stock is up 4.56% YTD.

BP Dividend Snapshot

As of market close on February 2, 2015


BP dividend yield annual payout payout ratio dividend growth

Click here to see the complete history of BP vdividends.


The Bottom Line


BP (BP ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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