Good release with above consensus earnings and a 2.5% dividend increase. The latter is the most surprising, considering last quarter’s cautious comment, giving the priority to deleveraging (and triggering a subsequent sell-off). It seems that the group has de-risked enough factors for 2020 to afford a slower deleveraging should the macro environment deteriorate further.
04 Feb 2020
Q4: upstream performs again, dividend hike surprise
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Q4: upstream performs again, dividend hike surprise
BP p.l.c. (BP:LON) | 515 12.9 0.5% | Mkt Cap: 86,616m
- Published:
04 Feb 2020 -
Author:
Kevin VO -
Pages:
3
Good release with above consensus earnings and a 2.5% dividend increase. The latter is the most surprising, considering last quarter’s cautious comment, giving the priority to deleveraging (and triggering a subsequent sell-off). It seems that the group has de-risked enough factors for 2020 to afford a slower deleveraging should the macro environment deteriorate further.