BP, Europe’s second biggest oil company, has raised its final quarter dividend by almost a third, in a one-time move to reflect an “increasingly robust view of the future” in spite of fourth-quarter profits falling well short of analysts’ expectations.

It also said it planned to cut 5,000 jobs by the middle of next year as part of a restructuring plan under Tony Hayward, who took over as chief executive last May following the sudden departure of Lord Browne.