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BP boosts buyback as fourth quarter profit top expectations
BPBP(BP) Proactive Investors·2024-02-06 07:28

BP PLC (LSE:BP.) picked up the pace of its share buyback plans after delivering fourth quarter profit ahead of expectations. The oil major said fourth quarter underlying replacement cost profit was 2.99billion,downfrom2.99 billion, down from 4.81 billion the year prior, but ahead of City forecasts of 2.76billion.BPannouncedaquarterlysharebuybackof2.76 billion. BP announced a quarterly share buyback of 1.75 billion and pledged a further 3.5billionbuybacksinthefirsthalfof2024.Thscomparedto3.5 billion buybacks in the first half of 2024. Ths compared to 1.5 billion buybacks in the first three quarters of 2023.  BP said th ...