SOURCE: The Bedford Report

The Bedford Report

February 02, 2011 08:46 ET

Surging Gas Prices Lead to Dividend Hikes in Oil & Gas Sector

The Bedford Report Provides Analyst Research on BP & ConocoPhillips

NEW YORK, NY--(Marketwire - February 2, 2011) - Dividend paying companies are attracting a lot of attention right now. Investors usually count on dividend paying stocks during hectic times in the market believing in the company's security and real earnings power. Additionally, when interest rates get as low as they currently are, the return on dividends can far exceed that of bonds. Most Major Integrated Oil & Gas companies pay healthy, steady dividends, and while last April's deadly Deepwater Horizon Disaster damaged the bottom lines of most key industry players, companies continue to increase -- or resume -- dividend payments. The Bedford Report examines the outlook for companies in the Major Integrated Oil & Gas Industry and provides research reports on BP PLC (NYSE: BP) and ConocoPhillips (NYSE: COP). Access to the full company reports can be found at:

Integrated Oil & Gas companies have continued posting relatively strong earnings -- aided in no small part by the higher crude prices. It is well noted that oil prices and the dollar have an inverse relationship because the rising dollar makes oil more expensive to holders of other currencies. With the eurozone debt crisis still garnering significant headlines, analysts have warned that the dollar's strength against the euro may eventually send crude oil prices down.

The Bedford Report releases regular market updates on the Major Integrated Oil & Gas Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

Yesterday BP announced that it will resume dividend payouts for the first time since the Gulf of Mexico well disaster and announced plans to sell off almost half of its US refinery business. BP set the payout at 7 cents a share for the last three months of 2010. The amount is half the level before the spill. Yesterday BP said fourth-quarter net income increased 30 percent to $5.6 billion from a year earlier.

BP industry peer, ConocoPhillips, currently pays an annual dividend of 2.20 for a yield of around 3.10%. Last week the company reported fourth-quarter 2010 earnings of $1.32 per share on revenues of $53.2 billion.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at

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