BP resumes dividend as Q4 profits increase

摘要

London-BP reinstated its dividend payments and saw higher oil prices lift its adjusted earnings for the final quarter of 2010 as it consolidates its financial recovery in the wake of the Gulf of Mexico spill. Europe's second-biggest oil company also announced plans to halve its refining capacity in the US by selling its Texas City, Texas, and Carson, California, plants within two years to reduce its exposure to structurally weaker profits from making fuels (see story, p. 1).