The stock is up 6% at pixel time, which shows rather good prowess from management, as it also cut (for good) the dividend in half. As investors swallow the bitter pill, the low-carbon shift (and promises of higher valuations) make it easier to digest. Also helping was a decent cash generation in this quarter, thanks to BP’s trading unit.
04 Aug 2020
Q2: dividend halves, pivot attempt sounds serious
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Q2: dividend halves, pivot attempt sounds serious
BP p.l.c. (BP:LON) | 508 -22.4 (-0.9%) | Mkt Cap: 85,497m
- Published:
04 Aug 2020 -
Author:
Kevin VO -
Pages:
4
The stock is up 6% at pixel time, which shows rather good prowess from management, as it also cut (for good) the dividend in half. As investors swallow the bitter pill, the low-carbon shift (and promises of higher valuations) make it easier to digest. Also helping was a decent cash generation in this quarter, thanks to BP’s trading unit.