share buyback

Oil & Gas

Updated: BP pumps up dividend and buybacks as profits top £8bn

03/08/2021

By Mark Lammey

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.

Oil & Gas

BP cutting debt to $35bn nearly a year ahead of schedule

06/04/2021

By Allister Thomas

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.

Oil & Gas

ConocoPhillips plans share buyback that’s almost 50% of market value

20/11/2019

By Bloomberg

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.