BP. Results

[idpickering]

Robust earnings and cash flow, new projects on track.


"· Underlying replacement cost profit* for the first quarter was $1.5 billion.

· First quarter operating cash flow, excluding payments related to the Gulf of Mexico oil spill*, of $4.4 billion. Including these payments, operating cash flow* was $2.1 billion.

· Dividend unchanged at 10 cents per share.

· Reported oil and gas production was 3.5mmboe/d in the first quarter, 5% higher than same period in 2016.

· New Upstream major projects* on track: Trinidad onshore compression project started up, another in ramp-up, and two more in commissioning.

· Downstream marketing growth and strong operational performance.

· $1.7 billion divestment of BP's interest in SECCO petrochemical joint venture, subject to regulatory approvals."

And later;

"Dividend

BP today announced a quarterly dividend of 10.00 cents per ordinary share ($0.600 per ADS), which is expected to be paid on 23 June 2017. The corresponding amount in sterling will be announced on 12 June 2017. See page 21 for further information."

http://www.investegate.co.uk/bp-plc--bp ... 00167975D/

[monabri]

Hopefully we can expect a similar story with Shell.

viewtopic.php?f=16&t=4899

[tjh290633]

BP today announced a quarterly dividend of 10.00 cents per ordinary share ($0.600 per ADS), which is expected to be paid on 23 June 2017. The corresponding amount in sterling will be announced on 12 June 2017. See page 21 for further information."

http://www.investegate.co.uk/bp-plc--bp ... 00167975D/

And on page 21 it says:

Dividends payable

BP today announced an interim dividend of 10.00 cents per ordinary share which is expected to be paid on 23 June 2017 to shareholders and American Depositary Share (ADS) holders on the register on 12 May 2017. The corresponding amount in sterling is due to be announced on 12 June 2017, calculated based on the average of the market exchange rates for the four dealing days commencing on 6 June 2017. Holders of ADSs are expected to receive $0.600 per ADS (less applicable fees). A scrip dividend alternative is available, allowing shareholders to elect to receive their dividend in the form of new ordinary shares and ADS holders in the form of new ADSs. Details of the first quarter dividend and timetable are available at bp.com/dividends and details of the scrip dividend programme are available at bp.com/scrip.


TJH