BP boosts dividend as profits slump on weak oil, gas prices

LONDON (Reuters) - BP on Tuesday boosted its dividend payout after a 26% drop in fourth-quarter profit on lower oil and gas prices which still beat forecasts. On Chief Executive's Bob Dudley last day in office, London-based BP increased its dividend by 2.4% to 10.5 cents per share.It reported $2.57 billion (£1.98 billion) in fourth-quarter underlying replacement cost profit, its definition of net income, exceeding forecasts of $2.1 billion in a company-provided survey of analysts. That was..