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BP paints a mixed picture

BP HAS given shareholders a reason to smile, issuing an 8c dividend for the first time since the Deepwater Horizon incident on the back of a 38% gain in net income to $US7 .7 billion ($A7.1 million) for the fourth quarter, but underlying profit rained on the parade.

James McGrath
BP paints a mixed picture

The income figure benefitted from a $4.1 billion credit largely related to its Anadarko settlement, with profit from both the upstream and downstream segments suffering. Its downstream unit posted a...

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