Updated: BP pumps up dividend and buybacks as profits top £8bn
Energy giant BP was back in the black in the first half of 2021 after shaking off the ill effects of last year’s hefty write-downs.
share buyback
BP cutting debt to $35bn nearly a year ahead of schedule
BP expects to hit cut its debt to $35billion (£25.2bn) nearly a year ahead of schedule thanks to proceeds from a flurry of deals, moving forward its timeline for share buybacks.
ConocoPhillips plans share buyback that’s almost 50% of market value
ConocoPhillips announced a 10-year plan to buy back $30 billion of shares, equivalent to about half of its current market capitalization, as the oil producer attempts to distance itself from the troubled U.S. shale industry.