宏观环境低迷叠加核心资产剥离 英国石油暂停回购已成定局

Core Viewpoint - In the context of a sluggish macroeconomic environment, it appears inevitable for BP to suspend its stock buyback program [1] Group 1: Stock Buyback Program - BP has reduced its quarterly buyback scale from $1.75 billion to $750 million since early last year [1] - Analysts suggest that management changes provide an opportunity to cautiously suspend the buyback plan and repair the balance sheet [1] - The urgency to suspend buybacks has increased due to BP's divestment of Castrol, a core cash-generating asset [1] Group 2: Business Model and Financial Health - Analysts believe BP should have opted to suspend buybacks instead of selling equity, as Castrol's business model contributes to enhancing profit quality [1] - BP's stock price has increased by 2% to £4.44 [1]