London (CNN) -- Oil giant BP suffered an annual loss for 2010 because of the oil spill in the Gulf of Mexico, it announced Tuesday.
It reported a loss of $4.9 billion, but that's after $40.9 billion set aside pre-tax in charges related to the spill.
It will also start paying dividends to shareholders again, it announced. They'll get 7 cents a share for the fourth quarter of 2010.
Dividends were suspended in June 2010 amid a torrent of bad publicity about the undersea gusher.
Separately, BP is in court in London Tuesday over a deal with Russia's state-controlled Rosneft to explore for oil in the Russian Arctic. BP's Russian partner TNK-BP is seeking to block the deal.
The judge will decide if BP can continue talks with Rosneft while the dispute is in court, or if talks must be suspended until BP and TNK hammer out their dispute.
Chief executive Bob Dudley said Tuesday he believed the dispute "is a commercial matter and will be resolved in a business way". CNN
