RE: Oil tax1 Nov 2022 11:14
Tinker,
I agree that the Beeb article is a bit misleading, possibly deliberately so, and to people who don't actually follow the share, could cause outrage.
I just don't think it can be called a lie, when the fact is the Q3 2022 dividend is 10% higher than the Q2 2021 dividend(in Dollar terms). It could be deliberately provocative, I don't disagree with that.
However, it could simply be lazy. The actual results download from the BP website looks incorrect to me. Note 8. Dividends, on page 27 suggests the Q2 2022 dividend was 5.46c (4.356p) and that the Q3 2022 figure is 6.006c (5.168p), thus it looks like a 10% increase on last quarter. This is simply an error in the published numbers for me. The Q1 2022 figures were 5.46c (4.356p) and the Q2 2022 were 6.006c (5.168p). They've obviously got this wrong because the report shouldn't be showing a Q3 Sterling figure of 5.168p as we won't know the Sterling figure until 6th December.
Sorry for the rambling and the figures, but I just think it a bit poor that the official website can present the numbers wrong, possibly leading to incorrect interpretation.
Bottom line, I agree the BBC report is written in a way to increase calls for a WFT, but don't feel they can be accused of lying.
All the best