WebNov 1, 2024 · Bumper profits have been used to pay down debt and reward shareholders. The company’s latest share buyback brings total repurchases announced in 2024 to $8.5 billion. Net debt fell to $22... WebFeb 5, 2024 · And BP has been able to buy back these shares while the stock price has lingered below pre-pandemic levels. This has been a significant buyback program and one executed at a tremendous valuation.
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WebFeb 25, 2024 · The seven biggest firms — including BP and Shell — are set to return $38 billion in this way in 2024, according to Bernstein Research. Buybacks ostensibly come about because a company believes ... WebApr 19, 2024 · There is a good chance that BP's future share buybacks and dividends might exceed market expectations. At the company's Q4 2024 results call on February 8, 2024, BP guided for "an annual increase ... almondaire uk
BP Adds to Buyback as Profit Rises on Higher Prices, Trading
WebFor 2024, the energy giant declared a dividend of 24.08 cents per share, up 10% year on year. That equates to a yield of around 3.7% at the current share price. It also announced a further $2.75bn ... WebBP stock made gains early on Tuesday, as the oil major committed to $500 million share buybacks after profits more than tripled in the first quarter. We've detected you are on Internet Explorer. WebApr 27, 2024 · BP to buy back $500 mln in shares in second quarter GRAPHIC: BP profits LONDON, April 27 (Reuters) - BP's (BP.L) profit more than tripled to $2.6 billion in the first quarter thanks... almon babbitt