High crude oil prices trigger BP’s share buybackCompany will use extra cash for stockholders, not increased exploration Larry Persily Petroleum News Government Affairs Editor
Rather than use some of the extra cash flow from high oil prices to boost exploration and production spending, BP p.l.c. will use all of the money to buy back more of its shares, transferring much of the windfall to its stockholders.
“There appears, at present, to be overwhelmingly more chance of th....
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$20 oil will cover all of BP’s cash needs Share prices up this year Profit centers scattered around the globe
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