LONDON—BP PLC raised its dividend on Tuesday at the same time as reporting a small loss and extending its planned asset sales by an additional $5 billion, joining other oil giants in shedding assets to help maintain shareholder returns. Last week, Royal Dutch Shell PLC also beefed up its pipeline of divestments and slowed spending on its share buyback program amid weaker earnings. And in the U.S., Texas energy giant Exxon Mobil Corp. has a continuing divestment program targeting the sale of $15 billion worth of assets by 2021.

Source: Wall Street Journal February 04, 2020 10:56 UTC