Income Majors 2019 

BP bets may not pay dividends

BP bets may not pay dividends

After several years of investment and earnings growth BP’s (BP.) upcoming cash returns to investors require two things: stable or rising oil and gas prices, and asset sales. Beyond this year, the winding-down of the Deepwater Horizon compensation payments (from $2bn in 2019 to around $1bn a year from 2020) and higher gas production could also see heftier dividends. Further out, things get murkier.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now