BP’s $25bn annual profit sees confidence and dividends soar

Guardian – BP has declared itself “back on the right path” following the difficulties of the Gulf of Mexico oil spill with annual profits bouncing back from a $3.7bn (£2.3bn) loss to a $25.7bn profit. A 14% increase in the dividend to eight cents per share for the final three months of 2011 was a clear signal of management confidence although net debt still lies at almost $30bn. Read Article