BP shares have soared more than 5% after the company confirmed a shareholder windfall despite a 36% fall in quarterly profits.
The oil firm's underlying replacement cost net profit for the third quarter was $3.692bn (£2.3bn).
While down on the same period in 2012 it represented an improvement on the company's own forecast.
BP blamed weaker refining margins, divestment of refineries and reduced income from its Russian business but raised its quarterly dividend by 5.6% - boosting pension funds and other investors who lost value in their holdings in the wake of the costly Gulf of Mexico disaster in 2010.
The move will earn them 9.5 cents per share just before Christmas on December 20 while BP added to the market cheer by saying it would sell $10bn of assets over the next two years, returning most of the proceeds to shareholders.
BP's share price remains significantly below its pre-disaster level That was a higher rate of disposal than previously promised and was also a factor in adding value to BP's London-traded shares on the FTSE 100 share index.
BP has already sold $38bn of assets to pay for the Gulf oil spill amid a wealth of continuing legal battles.
The company recently won a victory in its efforts to throw out what it described as false compensation claims against it from businesses, arising from what BP argued was a misinterpretation of its agreement.
While BP agreed to pay genuine claims relating to the severe damage to fishing and tourism businesses along the coast, BP successfully argued many claimants suffered no direct losses.
As a result, BP today confirmed it had "derecognised" about $400m of provisions within the $20bn fund it has set aside for certain types of compensation.
However, it raised slightly its overall cumulative charge for the spill to $42.5bn (£26.4bn) from $42.4bn as costs continued to swing amid the continuing legal proceedings.
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