BP Flags Possible Dividend Boost as Profits Surge

BP Flags Possible Dividend Boost as Profits Surge
The logo of BP is seen at a petrol station in Kloten, Switzerland October 3, 2017. Reuters/Arnd Wiegmann
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LONDON—BP held out the prospect of a first dividend increase since 2014 on Tuesday, May 1, after first-quarter profits beat forecasts thanks to rising oil and gas prices and production.

Chief Financial Officer Brian Gilvary said the London-listed company might consider raising the dividend later this year if oil prices remain near current levels and debt declines.