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BP reports strong profits, hikes dividend despite oil spill

Anchorage Daily News online -- By CLIFFORD KRAUSS and JULIA WERDIGIER
The New York Times

Published: February 7th, 2012 07:54 PM
Last Modified: February 7th, 2012 11:35 PM

HOUSTON -- Less than two years ago, the British oil company BP was worried about its very survival as a seemingly unstoppable oil spill in the Gulf of Mexico threatened to destroy its finances and reputation.

But on Tuesday, BP expressed renewed confidence in its future, reporting strong quarterly profits and raising its dividend to shareholders. The company also said it was eager to resolve billions of dollars in remaining private and government claims from the accident, whether through a settlement or in a trial scheduled to begin Feb. 27 in New Orleans.

The explosion of the Deepwater Horizon drilling rig in April 2010, which killed 11 workers

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Submitted Feb 08, 2012 By: Nitewolf

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REPLIES (newest first)

amerk73 Champion Author Dallas Posts:5,230 Points:1,260,005 Joined:Oct 2008	Message Posted: Feb 8, 2012 7:53:42 PM Ignore amerk73 Report Abuse they make free money
DanMtz Champion Author Oakland Posts:1,532 Points:882,475 Joined:Oct 2009	Message Posted: Feb 8, 2012 6:36:10 PM Ignore DanMtz Report Abuse That's heartwarming.
db60 All-Star Author Indiana Posts:982 Points:211,255 Joined:Oct 2011	Message Posted: Feb 8, 2012 6:22:08 PM Ignore db60 Report Abuse Whatever.
grandpadon28110 Champion Author Charlotte Posts:2,903 Points:784,160 Joined:Sep 2008	Message Posted: Feb 8, 2012 1:30:14 PM Ignore grandpadon28110 Report Abuse Check our kick backs for the Obama Administration.
Eliano Champion Author Baltimore Posts:1,406 Points:275,725 Joined:Jun 2011	Message Posted: Feb 8, 2012 1:23:25 PM Ignore Eliano Report Abuse As far as oil is upper in $90, they will enjoy the profits...
bl626 Veteran Author Toledo Posts:469 Points:148,320 Joined:Feb 2011	Message Posted: Feb 8, 2012 12:00:32 PM Ignore bl626 Report Abuse really? no wonder at $3.50 a gallon heck, how much money they contributed to the Obama administration?
beachmanglen Sophomore Author Tampa Posts:156 Points:218,900 Joined:Aug 2011	Message Posted: Feb 8, 2012 11:50:08 AM Ignore beachmanglen Report Abuse BP should settle, otherwise they will pass on litigation costs to the consumers of it's products.
ClarkSC Champion Author South Carolina Posts:1,260 Points:650,030 Joined:May 2010	Message Posted: Feb 8, 2012 11:10:23 AM Ignore ClarkSC Report Abuse Every quarter strong profits.
Vetteblu Champion Author Denver Posts:1,647 Points:468,665 Joined:Oct 2010	Message Posted: Feb 8, 2012 10:30:35 AM Ignore Vetteblu Report Abuse Is anyone really surprised about this?
Hoporrene Veteran Author Mississippi Posts:262 Points:124,470 Joined:Dec 2011	Message Posted: Feb 8, 2012 9:32:55 AM Ignore Hoporrene Report Abuse It doesn't matter what they do cause they will all have money to back them up.