BP Investors Push Dudley to Sell More Oil Fields After $5 Billion Dividend

BP Plc shareholders said they want Chief Executive Officer Robert Dudley to expand the company’s record asset sale program, raising cash that will help fund a $5 billion a year dividend.
BP is likely to bring back a dividend and may pledge sales beyond the $30 billion target when it outlines strategy and announces full-year results on Feb. 1, investors said. On the same day, a London court will consider a bid to stop BP’s $8 billion share swap with a Russian rival OAO Rosneft.
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Source: Bloomberg