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Old 01-31-2011, 02:04 PM
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Default BP plc British petrolium BP Amoco

BP p.l.c. provides fuel for transportation, energy for heat and light, retail services, and petrochemicals products. The company operates through two segments: Exploration and Production, and Refining and Marketing. The Exploration and Production segment engages in the oil and natural gas exploration, field development, and production; and marketing and trading of natural gas, including liquefied natural gas, and power and natural gas liquids. It has exploration and production activities in Angola, Azerbaijan, Canada, Egypt, the Russian Federation, Trinidad and Tobago, Norway, the United Kingdom, and the United States, as well as in the Asia Pacific, Latin America, North Africa, and the Middle East. This segment also owns and manages crude oil and natural gas pipelines; processing and export terminals; and LNG processing facilities and transportation, as well as involves in gas marketing and trading activities. BP p.l.c. has interests in the Trans Alaska pipeline system, the Forties pipeline system, the Central Area transmission system pipeline, the South Caucasus Pipeline, and Baku-Tbilisi-Ceyhan pipeline, as well as in LNG plants located in Trinidad, Indonesia, and Australia. The Refining and Marketing segment engages in the supply and trading, refining, marketing, and transportation of crude oil, petroleum, and petrochemicals products and related services to wholesale and retail customers under the Aral, Amoco, ARCO, BP, and Castrol brands. The Other Businesses and Corporate segment produces and markets rolled aluminum products, as well as generates energy through wind, solar, biofuels, hydrogen, and carbon capture and storage sources. The company was founded in 1889 and is headquartered in London, the United Kingdom

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Old 01-31-2011, 02:04 PM
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Default BP Preview: Dividend to Be Restored

Oil and gas giant BP is scheduled to report earnings tomorrow morning before the open. Analysts expect that the company will post results that continue to show improvements after last year's Gulf oil spill that damaged the BP's finances and reputation. The consensus estimate is for the company to report earnings of $1.64 per share with total revenue of $68.29 billion. This compares to 2009 earnings in the same period of $1.40 per share. There is a wide range of EPS estimates for the company's fourth quarter with a low estimate of $1.53 and the most optimistic predicts $1.83. The company has posted a sequentially larger positive earnings surprise each of the past three quarters as analysts underestimated the strength of the company's recovery. Investors are also expecting BP to announce a resumption of dividend payments that were suspended as the company dealt with the financial
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