BP Reinstates Dividend but Problems Linger
BP has benefited from high oil prices and announced it would reinstate its dividend. However, while its fourth-quarter profit was up from a year earlier, the oil giant reported a full-year loss.
bp earnings
ExxonMobil and Chevron Set to Post Sharp Gains
Blue-chip energy giants ExxonMobil and Chevron report earnings this week, and if analysts' forecasts are right, both should post sharply higher revenues and profits, helped by lower costs and higher oil prices.
BP Reports $17 Billion Loss, Names New CEO
Faced with mounting costs following the biggest oil spill in U.S. history, oil giant BP says it recorded a $17 billion loss in the second quarter. The company also confirmed that embattled CEO Tony Hayward will be replaced by Bob Dudley, who has been in charge of BP's cleanup effort since June 23.
Investors Boost BP's Stock Ahead of Earnings -- and CEO Change?
Investors got an early jump on BP's earnings announcement, sending the stock about 4% higher in Monday in a positive reaction to the oil giant's anticipated ouster of CEO Tony Hayward in favor of Gulf cleanup czar Bob Dudley.