bob peck i did. think the add revenues go higher on mobile, i like facebook. >> i like short exposure. >> erj. defense.

becomeky peck becky was talking to bob dudley. >> and he was talking about how the refining has helped earns this it time around.>> and he w the refining has helped earns this it time around. the difference denied increased by some 12.5% is having big impacts on the stock today, as well. i was asking why they chose now to increase the dividend and if there would be further hikes in the future and he said they clearly have the confidence to raise the dividend now. they will continue to have a progressive policy in the future. continue to sell off businesses. and he said they do still have some assets to sell, too, as they try to get back on track and he had plenty to say on the bigger picture stuff. in terms of the economies and how the economic recovery is going. he said he still thinks oil will become an increasingly valuable commodity and that there is rebasing of the mid cycle price for oil, he believes brent is $90 to $110 and that's what they're pricing in for the future. >> the tnk deal with rosneff, is there any -- did he say about whether he hoped now whether they might resusci

peck up. we probably is have more of a moderated view in terms of the magnitude maybe than other people. >> this is bob parker. good day to you. one question i'd like to ask you is your view on view on international expansion. apart from isolated areas of overseas acquisitions, i'm thinking of icbc partial acquisition in south africa, but the chinese banks overseas acquisitions have been reasonably minor. do you think that will accelerate and do you think that will be a driver in profitability going forward? >> i don't think it will drive profitability because overseas operation is going to be a very small part of chinese banks earnings. s as of now, icbc is within 5% of overall assets and profit contribution. as of now, icbc if overall assets and profit contribution. so the only exception is bank china which has about 20% exposure to overseas activities. and whether they're going to accelerate the acquisition activities, i think certainly large banks in particular have interest in acquisition overseas and we have seen there is a report on the interested in acquiring. the question is where they want to