BP shares make biggest gains in a year on buyback plan as profit …

Feb 6, 2024 · Shares in BP surged 7% on Tuesday, marking the sharpest increase in the oil company's stock price since last February, as the British oil major hiked its dividend and …

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BP Shares Make Biggest Gains In A Year On Buyback Plan As Profit …

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Feb 6, 2024 · Shares in BP surged 7% on Tuesday, marking the sharpest increase in the oil company's stock price since last February, as the British oil major hiked its dividend and …

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BP Shares Rise 5% After British Oil Giant Announces Plans To ... - MSN

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British oil giant BP on Tuesday announced plans to boost shareholder returns, even after a sharp drop in full-year profits aligned with lower oil prices.

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BP Boosts Buybacks As Profit Soars To Highest In Over Decade

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May 3, 2022 · BP boosted its share buyback programme after net profit soared to its highest in more than a decade on strong oil and gas trading results, as the energy company took a $24 …

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BP Expands Share Buybacks Despite Falling Profits - Yahoo Finance

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Feb 6, 2024 · Overall, the plan is to buy back at least $14bn over 2024-25. BP’s new chief executive Murray Auchincloss said: “Looking back, 2023 was a year of strong operational …

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BP Joins Oil Majors With Resilient Profit Beat; Lifts Buyback

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Feb 6, 2024 · BP intends to buy back $1.75 billion worth of shares in the first three months of the year, higher than the preceding quarter's $1.5 billion, and aims for a total of $3.50 billion in the …

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BP Joins Oil Majors With Resilient Profit Beat; Launches

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Feb 6, 2024 · In addition, BP said it intends to buy back $1.75 billion worth of shares in the first three months of the year, aiming for a total of $3.50 billion in the first half.

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BP Gains On Best Profit In 8 Years, Boosting Buyback - Yahoo Finance

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Feb 8, 2022 · BP ADRs (NYSE:BP) traded 1.5% higher in premarket Tuesday after the oil and gas giant rode record-high oil and gas prices to post its best profit in eight years. Helping gains …

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BP Promises Buybacks And Hikes Dividend Despite Profit Fall

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Feb 6, 2024 · This brings the full-year dividend to 28.42 cents, up 18% from 24.08 cents. BP said it completed USD1.5 billion share buyback on Friday, and now intends on initiating a new …

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BP Boosts Buybacks As Profit Soars To Highest In Over Decade

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May 3, 2022 · BP boosted its share buyback programme after net profit in the first quarter rose to $6.25 billion, the highest in more than a decade on strong oil and gas trading results, even as …

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BP Ups Dividend And Announces $1.4bn Buyback As Profits Recover

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Aug 3, 2021 · BP hiked its half-year dividend by 4%, taking it to 5.46 cents per share, and announced a $1.4bn share buyback. The capital return came as BP returned to profit in the …

yahoo.com

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BP To Buy Back Shares As Profits Soar. What Now?

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BP stock made gains early on Tuesday, as the oil major committed to $500 million share buybacks after profits more than trebled in the first quarter.

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BP Turns To Profit In Q3; To Execute Further $1.5 Bln Share Buyback

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Oct 31, 2023 · BP intends to execute a further $1.5 billion share buyback prior to reporting fourth quarter results. The $1.5 billion share buyback program announced with the second quarter …

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BP Boosts Share Buybacks As $3 Billion Quarterly Profit Beats Forecast

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Feb 6, 2024 · LONDON (Reuters) -BP posted forecast-beating earnings of $3 billion for the fourth quarter and boosted share repurchases as its recently appointed CEO vowed to make …

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FAQs about BP shares make biggest gains in a year on buyback plan as profit … Coupon?

Why did BP shares rise in a year?

BP shares made their biggest gains in a year on Tuesday. BP shares posted their biggest rise in a year on Tuesday after the oil company pledged to increase its returns to shareholders, despite reporting a sharp drop in its profits, while doubling down on its green transition plans. ...

Why did BP boost its share buyback programme?

LONDON, May 3 (Reuters) - BP BP.L boosted its share buyback programme after net profit soared to its highest in more than a decade on strong oil and gas trading results, as the energy company took a $24 billion charge after exiting its operations in Russia. ...

Will BP execute a further $1.5 billion share buyback?

BP intends to execute a further $1.5 billion share buyback prior to reporting fourth quarter results. The $1.5 billion share buyback program announced with the second quarter results was completed on 27 October 2023. bp announced a dividend per ordinary share of 7.270 cents for the third quarter. ...

Why did BP stock surge 7% on Tuesday?

Shares in BP surged 7% on Tuesday, marking the sharpest increase in the oil company’s stock price since last February, as the British oil major hiked its dividend and vowed to buy back more of its shares. BP... Master your money. ...

Why did BP increase its dividend?

BP. (Bloomberg) (Christopher Pike/Bloomberg) (Bloomberg) -- BP Plc maintained the pace of share buybacks and increased its dividend as strong second-quarter earnings from pumping crude offset weakness in other parts of the business. ...

How will BP reinvest its profits?

BP also announced it will reinvest some of the bumper profit into new and traditional energy sources, splitting them equally. It pledged up to $8billion more for oil and gas exploration by 2030 and another $8billion for transition projects, including higher-return bioenergy, electric vehicles charging points, hydrogen and renewables. ...