‘Cash machine’ BP boosts share buyback as profit surges

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‘Cash machine’ BP boosts share buyback as...
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BP (BP.L) added more than a billion dollars to its share buyback programme on Tuesday as it likened itself to a “cash machine” benefiting from higher oil and gas prices and a strong trading performance in the third quarter.

Natural gas and power prices around the world surged this autumn as tight gas supplies collided with strong demand in economies recovering from the pandemic. ,

BP said it expected natural gas prices to remain strong in the coming months of peak winter demand.

The company “is a cash machine at these sort of (oil and gas) prices and the business is...

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Article automatically added to our system on Tuesday, November 2, 2021

‘Cash machine’ BP boosts share buyback as profit surges

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