BP suspends share buybacks to save cash

Oil giant BP (BP.A) has announced it is suspending share buybacks to preserve cash and protect its balance sheet. The company broke the news with its Q4 results which showed cash flow marginally ahead of estimates. Share price: 457.7p (-4.2%) PE: 14.3x Market cap: £73.4bn Yield: 5.0% Goodbye to buybacks BP said the decision to … Continue reading BP suspends share buybacks to save cash

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