Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
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.
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.
