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BP NYSE:BP reports strong Q-3 results, raises dividend

British Oil giant BP reported a solid increase of profits in Q-3 of this year, allowing it to raise its dividend by 12.5%, said a statement released by BP Tuesday.

BP said that its replacement cost profit, a key industry benchmark, topped US$5.2-B an increase of 40% over the prior Quarter, but less than the US$5.3-B a year earlier.

The company's revenue of US$93.1-B was also down from US$97.7-B in the same period last year.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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