UMMHH A BETTER DIVI WOULD BE NICE!? ''BP today announced an unchanged dividend for the quarter of 10 cents per ordinary share ($0.6 per ADS), expected to be paid in September.'' Yes for this q2. Do hope it continues into the other quarters too
BP today reported that profit for the second quarter of 2016 was $720 million on an underlying replacement cost basis1, compared with $532 million for the previous quarter and $1.3 billion for the second quarter of 2015.
Underlying operating cash flow2 for the quarter � before pre-tax Gulf of Mexico payments � was $5.5 billion. This strong underlying cash flow resulted from continuing reliable operation of assets.
Progress also continued in resetting BP�s capital and cost base. BP�s cash costs3 over the past four quarters were around $5.6 billion lower than in 2014 and BP continues to expect these costs for 2017 to be $7 billion lower than in 2014. Organic capital expenditure for the first half of 2016 was $7.9 billion; full year 2016 capital expenditure is now expected to be below $17 billion.
BP today announced an unchanged dividend for the quarter of 10 cents per ordinary share ($0.6 per ADS), expected to be paid in September.
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