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BP's dividend maintenance dance - one to add to the pension

By Chris Bailey of Financial Orbit | Tuesday 27 October 2015


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


The global mega cap energy sector reporting period kicked off today with BP (BP/) reporting 'underlying profit of US$1.8bn for the third quarter of 2015, up US$500m on the previous quarter, along with plans to rebalance its financial framework and grow value long term'.   Well that sounds like something for everyone then: profits sequentially up and more than a hint or two about the importance of remunerating it shareholders. 

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