Market Report ; Hopes for Bp Record Open the Road to a Divi Windfall

Evening Standard - London › February 07, 2005

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Summary

BP WILL no doubt be looking to repeat last week's performance from its rival Shell when it unveils its own full-year results tomorrow.

Shell pleasantly surprised shareholders and the City with record profits of Pounds 9.3 billion - the equivalent of more than Pounds 1 million an hour - in 2004, leading to calls for a windfall tax. But the performance was overshadowed by a fifth downgrade of its oil reserves.

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Extract

Market Report ; Hopes for Bp Record Open the Road to a Divi Windfall

There are unlikely to be any such concerns about BP's reserves. Like Shell, BP is expected to report record profits and should also unveil plans to sha...

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