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United States BP PLC To Repurchase up to $500 Million of Shares
10 Jan 2022
Morningstar.com
By Joe Hoppe. BP PLC said Monday that it will start a share buyback program, repurchasing up to $500 million of shares by Feb. 7. The London-listed energy major said the purpose of the program is to reduce its issued share capital, to offset the"...
By Joe Hoppe
BP PLC said Monday that it will start a share buyback program, repurchasing up to $500 million of shares by Feb. 7.
The London-listed energy major said the purpose of the program is to reduce its issued share capital, to offset the expected dilution from the vesting of awards under employee share programs.
Shares at 0818 GMT were up 0.7%, or 2.65 pence at 365.2 pence.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
January 10, 2022 03:34 ET (08:34 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
