U.K. oil company BP reported a 34 percent drop in third-quarter net profit, but said it will increase its quarterly dividend and divest another $10 billion in assets.
October 29, 2013 at 12:00 AM
1 minute read
U.K. oil company BP reported a 34 percent drop in third-quarter net profit, but said Wednesday that it will increase its quarterly dividend and divest another $10 billion in assets.
BP blamed a drop in refining margins for the decrease in net profit to $3.5 billion in the quarter ended Sept. 30 from $5.28 billion in the same period a year earlier.
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