BP has swung to a profit for the first time since his "traumatic" $remained spillage of oil in the Gulf of Mexico (£ 25 m), paving the way for the return of dividends at the beginning of next year.
Bob Dudley, the new Executive Director of the oil giant said signs are "encouraging" the dividend will be restored for the fourth quarter, bringing relief to depend heavily on the UK pension funds to pay-outs.
However, it is expected that the payments will be lower than they were prior to the accident, with the market expects a hundred 10.7 rather than the 14% pay-out in the first quarter of this year quarterly dividend.
Third quarter profit - removal effects of variations in stock - was 8bn $ 1 compared to. 9bn $ 4 year previous .the ' company has benefited from a higher oil prices and returns to form in his division refining, soften the effects of a charge of $represents this quarter as a result of the tide.
Total disabilities overcame now had been $.the company said the additional provision, which was higher than expected, is due to a workplan cleaning effort in the Gulf of Mexico, while equipment is disinfected after use and staff kept waiting until the well has been permanently sealed.
Mr. Dudley said the traumatic period"has now given way to BP"in recovery mode", heralding a new era to focus on security, staff exclusively related to the accident rate this year premiums.
American, who took over at the beginning of last month, is likely to be surrounded by fresh blood aboard the BP before the end of next year - as three non mandate is key to its end.
He said on Tuesday that he intended to "restore confidence PA to the United States" but insists on the fact that other countries around the world are happy to work with the company.
He also noted that it would be some time before the company refers to deep water drilling in the Gulf of the Mexico. ""It would be reasonable for us to be the first ones to raise our hands and rush in with a permit," said Mr. Dudley. "We are still incorporating the learning that we have this and we will take our time.?
Despite the efforts of the PMO to draw a line within the framework of the spill, there are still many unknown for the oil giant to explosion killed last April 11 men, which triggered the udder spill offshore in history.
M. Dudley said the company still believes there is no evidence that he was "grossly negligent" in the period preceding the accident .but there is always a criminal on BP investigation and its partners, which could increase the environmental fines, Federal fines and legal if negligence is prouvé.Byron claims Grote, BP, Finance Director said that the company is convinced that he could cover all costs - but high - following investigation.
Last week, an official u.s. commission found that prepared by the contractor of BP Halliburton and used in many Mexico Gulf cement was "unstable" Institute argued that BP and Halliburton were aware of the results
Mr. Dudley has refused to enter into the "finger pointing" Halliburton, but said that a closer look would be retained on contractor safety standards in the future.
The market reacted positively results with prices reaching 7.65% 431.65 PMO actions.
Richard Griffith, evolution, analyst said: "we believe real responsibility for the accident be near $ 30bn will be $ versus the $60bn market is refreshing."
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