BP Profit Falls 80% as Oil Prices Drop

BP reported an unexpected profit of $532 million, contrary to analysts' expectations of a loss. The company reassured investors by maintaining its $0.10 dividend, despite concerns of a cut. Shareholders expressed dissatisfaction with CEO Bob Dudley's pay rise, but the board holds decision power. BP's upstream profits increased, while downstream profits slightly decreased. The company attributes its performance to effective cost management, despite lower oil prices. BP remains optimistic about market balance by year-end, relying on a $60 per barrel oil price by 2017.

What concerns were raised regarding BP's dividend policy?

What was the upstream profit reported by BP for the first quarter?

What was the downstream profit reported by BP before interest and tax?