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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
BP Prudhoe Bay Royalty Trust
Type
Public (NYSE: BPT)
Industry Oil and natural gas
Founded New York, New York, United States (February 28, 1989; 28 years ago (1989-02-28))
Headquarters Headquarters in New York; assets on the Alaska North Slope at the Prudhoe Bay Oil Field
Key people
Bob Dudley (CEO)
Marie Trimboli, Assistant Vice President, Bank of New York (trustee)
Products Oil and natural gas; royalty trust

The BP Prudhoe Bay Royalty Trust is a United States oil and natural gas royalty trust based in New York, New York. With a market capitalization of US$ 1.6 billion in early 2008, and an average trading volume of 121,000 shares, BP Prudhoe Bay Royalty Trust is the largest conventional oil and gas trust in the United States. Its assets are in the huge Prudhoe Bay Oil Field, the largest oil field in North America, and at the end of 2006 the Trust claimed to have proved reserves of 85.1 million barrels of crude oil. As of the end of 2012 the Trust claimed to have proved reserves of 75.517 million barrels of crude oil.

Standard Oil Company and BP Exploration, both now branches of British Petroleum, set up the trust on February 28, 1989. They distribute royalties on a portion of the oil produced from the Prudhoe Bay Oil Field, typically 16.4246% of the first 90,000 barrels of net daily production. In their 2011 Annual Report, the Trust estimated it would continue to make royalty payouts through at least the year 2027.

Royalty trusts typically pay enormous dividends by Wall Street standards, making them popular with investors, particularly during times when the price of oil is high, or other market sectors are performing poorly. Investing advice firm Motley Fool listed the trust in the top four dividend payers of the decade from 1997 to 2007, giving a total return on investment during that time of 1,369%. In early 2008, the Trust's quarterly dividend per share was $3.05, which equated to an annual payout of approximately 16%. It pays its dividend quarterly, unlike many of the royalty trusts, which pay monthly. Unanticipated oilfield mishaps can occasionally cause volatility of the stock price, as happened in August 2006, when BP needed to shut down its operations at Prudhoe Bay to replace 22 miles (35 km) of corroded lines. The BP Prudhoe Bay Royalty Trust sued BP over its poor maintenance practices and reached a settlement of $29,469,081. The shutdown only affected one dividend payment, which was subsequently made up for with the settlement.

Investment goal date:
Dividends reinvested
BP Prudhoe Bay Royalty Trust BPT report Q2 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q4 2017
2018-02-09
--
--
Q3 2017
2017-11-09
--
--
Q2 2017
2017-08-09
0.0000
1.1000
Q1 2017
2017-05-10
0.0000
0.9900
Q4 2016
2017-03-01
0.0000
0.6800
Q3 2016
2016-11-09
0.0000
0.6900
Q2 2016
2016-08-09
0.0000
0.0700
Q1 2016
2016-05-10
0.0000
0.6000
Q4 2015
2016-02-29
0.0000
0.7000
Q3 2015
2015-11-09
0.0000
1.4700
Q2 2015
2015-08-10
0.0000
1.0000
Q1 2015
2015-05-08
0.0000
2.6900
There is presents forecasts or rating agencies and recommendation for investors about this ticker
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Major Shareholders
Name Relationship
Total Shares
Holding stocks