bp dividend cut

The WSJ. Is this sustainable though? It plans to eliminate the carbon footprint of the oil and gas it produces to ‘net zero’ by 2050. An overview of the key activities, events and results in 2019, together with commentary on bp’s performance and our priorities as we move forward Forthcoming dates in our financial calendar including a pdf downloadA range of interactive tools providing in-depth information for our investors Share price unavailable Show full articles without "Continue Reading" button for {0} hours. Here, I’ll explain why I think it’s highly likely that BP will cut its dividend in 2020.BP currently faces two major challenges that could impact its ability to continue to pay its current level of dividends to investors.First, there’s oil prices, which have crashed in 2020 due to Covid-19. Brent crude prices started the year around the $65 per barrel mark. This is an ambitious goal that’s likely to cost the company a significant amount of money.

Site traffic information and cookies. I’m not convinced it is. BP has bowed to the inevitable and cut its dividend in half – and its share price promptly rose. Notably, the last BP CEO to last cut the oil giant's dividend, Bob Horton in 1992, was forced out of the BP corner office. Cookies also allow us and our partners to show you relevant ads when you visit our site and other 3rd party websites, including social networks.You can choose to allow all cookies by clicking ‘Allow all’or manage them individually by clicking ‘Manage cookie preferences,’ where you will also find more information. BP is taking the shift seriously. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. BP is currently one of the highest-yielding shares in the FTSE 100 with a trailing yield of 10%+. With oil prices remaining low and the company needing capital in order to shift its focus towards renewable energy, a dividend cut looks highly likely, in my view.If you rely on BP for income, now might be a good time to diversify into other dividend stocks…With global markets in turmoil as the coronavirus pandemic tightens its grip, turning to shares to generate income isn’t as simple as it used to be…As the realities of ‘life under lockdown’ begin to bite, many of the stock market’s ‘go-to’ high-yielding companies have either taken an axe to their dividend pay-outs… or worse, opted to suspended them altogether – for the near-term at least.With so many blue-chip and mid-cap companies scrambling to hoard cash right now, where are we income investors to turn for decent yields?Our analyst has unearthed what he believes could be a very attractive option for income- seeking investors – a company that, in his view, boasts a ‘reliably defensive’ business model, combined with a current forecast dividend yield of This business even has form in riding out this kind of situation, too… having previously increased sales and profits back in 2008 and 2009 when the world was gripped in the deepest economic crisis since the Great Depression.Navy veteran at center of viral Portland protest video sues Trump administration'What is the plan?' BP stock surged 6.7% on Tuesday even after the oil giant cut its dividend for the first time in a decade after reporting a $16.8 billion second quarter loss. British based energy giant BP PLC (BP) cut dividends by 50% to 31.50 cents/share for each American Depository Receipt ( minus any ADR fees). Share price unavailable Dividends. This was the first dividend cut for BP since 2010, when it had a costly oil spill in the Gulf of Mexico.