Seems to be crashing and burning again (figuratively this time).
BP p.l.c. (BP) -NYSE
28.95 Down 2.75(8.68%) 11:11AM EST - NYSE Real Time Price
BP Stock Plummets as $6.5 Billion Loss Leads to Further Job Cuts http://www.thestreet.com/story/13444485/1/bp-stock-plummets-as-6-5-billion-loss-leads-to-further-job-cuts.html its fourth quarter earnings tanked 91%...Underlying replacement cost profit was $196 million for the quarter, down from $2.2 billion for the year-ago period....Despite the disappointing financial results, CEO Bob Dudley is prepared allow BP's debt to rise to maintain dividends through the slump in commodity prices
Which means that they are going to borrow money to pay the dividend???
Seems to be crashing and burning again (figuratively this time).
BP p.l.c. (BP) -NYSE
28.95 Down 2.75(8.68%) 11:11AM EST - NYSE Real Time Price
BP Stock Plummets as $6.5 Billion Loss Leads to Further Job Cuts
http://www.thestreet.com/story/13444485/1/bp-stock-plummets-as-6-5-billion-loss-leads-to-further-job-cuts.html
its fourth quarter earnings tanked 91%...Underlying replacement cost profit was $196 million for the quarter, down from $2.2 billion for the year-ago period....Despite the disappointing financial results, CEO Bob Dudley is prepared allow BP's debt to rise to maintain dividends through the slump in commodity prices
Which means that they are going to borrow money to pay the dividend???
#investing #oil #shittystocks