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

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. 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 BP, +5.37% BP, -1.15% shares have increased 2% in the year so far having made g ...