"As a consequence of this agreement, the BP Board has reviewed its dividend policy. Notwithstanding BP's strong financial and asset position, the current circumstances require the Board to be prudent and it has therefore decided to cancel the previously declared first quarter dividend scheduled for payment on 21st June, and that no interim dividends will be declared in respect of the second and third quarters of 2010. The Board remains strongly committed to the payment of future dividends and delivering long term value to shareholders." BP along with apologizing to our nation, also notified its stockholders to stop expecting dividend payouts for many quarters to come.

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