The oil rig disaster in the Gulf of Mexico has damaged BP's reputation will they manage to avoid a share collapse to 350p.?



472p to buy this morning.

BP held its quarterly dividend at 10 cents a share in the as $2.6bn of write-downs and restructuring charges sent it crashing into losses for the fourth quarter and full year. For the fourth quarter a $3.31bn loss was reported, with underlying profits crashing 91% to $196m, well shy of forecasts, sending the oil major to a $6.48bn full year loss, with underlying profit plunging by just over half to $5.9bn.

Is £3.00 good value?

BP won't go bust, but nor will Shell which may be a better bet

Some Shareholders are not happy http://www.bbc.co.uk/news/business-36040210

not surprised ..... how can the CEO deserve a 20% payrise to $14.5m when so many staff are being laid off or their salaries cut?

at least the CEO at Shell had the manners to take a cut

Oil giant BP posted a jump in fourth-quarter and full-year profit on Tuesday thanks to a strong performance across all of its businesses. Underlying replacement cost profit for the final three months of 2018 came in at $3.5bn, up from $2.1bn in the same period the year before. For the year, meanwhile, underlying replacement cost profit rose to $12.7bn, which was more than double what was reported for 2017.