Mikhail Fridman is one of three Russian billionaire investors who are protesting BP's dividend.
Higher oil prices helped BP’s profit increase 30% in the fourth quarter according to an earnings statement the company released Tuesday. It estimated a charge of $1 billion in the fourth quarter and a total $40.9 billion in full-year costs related to the Gulf of Mexico oil spill affected income.
Excluding one-time items, the British oil company reported a net profit of $4.36 billion or $1.47
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