SAN FRANCISCO (MarketWatch) -- Next year will be the year "things really start moving" for U.K.-based BP
Plc., Chief Executive Bob Dudley in an interview with CNBC. Production will rise this year but BP is still shrinking a bit, Dudley said. The company is committed to a "progressive dividend policy," he added. Shares of BP on Tuesday rose 1.3% on a day most energy stocks gained. BP earlier Tuesday reported a 72% drop in fourth-quarter profits as production fell following asset sales and billions spent in a settlement with the federal government for the 2010 Deepwater Horizon well blowout and oil spill. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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