BP (NYSE: BP) Beats Expectations, Increases Dividend

Brian Hicks

Written By Brian Hicks

Posted October 30, 2013

BP (NYSE: BP) Beats Expectations, Increases Dividend

In its Q3 2013 financials, BP announced its quarterly dividend will rise to 9.5 cents per share in December, representing an increase of 5.6 percent.

BP’s profit was down approximately 26 percent against last year, and net profit dropped approximately 34 percent in the quarter. Production fell approximately 2 percent against last year as well, yielding 2.2 million barrels per day.

However, these results were better than analysts had forecasted for the quarter and BP’s net debt ratio hit the low end of predictions at 13.3% 

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