The agreement on Rosneft leaves BP with exposure to the Russian region without some of the previous distractions, the dividend policy is progressive and the general streamlining of its operations form a strong base.
SAM WAHAB SEYMOUR PIERCE
BP has agreed divestments of $37.8bn since 2010, a year earlier than planned. Investors may believe that this places the company in a robust financial position ahead of a significant year of upstream activity.
GORDON GRAY CANACCORD GENUITY
Attention will now revert to Deepwater Horizon issues, with the trial date approaching. There is a reasonable probability that BP manages to reach a settlement over federal and state civil penalties before it starts.