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1:11
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Reuters Videos
BP pauses buyback to trim debt as quarterly profit meets forecasts
STORY: BP has made a shift ahead of new CEO Meg O’Neill taking the helm in April. It paused its share buyback program and wrote down $4 billion in its renewables and biogas business. That's while it reported Tuesday (February 10) that quarterly profit was in line with forecasts at $1.54 billion, up 32% from a year earlier. The oil giant said ...
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BP suspended its share buyback program as it wrote down around $4 billion in its renewables and biogas businesses ahead of a new CEO taking the helm https://reut.rs/3O7Gp2L | Reuters
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