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The latest update is out from BP ( (BP) ).
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BP announced a series of share buyback transactions under the authority granted by shareholders during the 2024 Annual General Meeting. The company executed multiple transactions on the London Stock Exchange and Cboe (UK), purchasing millions of its ordinary shares to be canceled as part of its buyback program. This move is part of BP’s strategy to enhance shareholder value and manage its capital structure, potentially impacting its market position by reducing the total number of voting rights and shares in circulation.
More about BP
BP p.l.c. is a leading multinational oil and gas company headquartered in London, England. It primarily engages in the exploration, production, refining, distribution, and marketing of oil and natural gas. BP is also involved in renewable energy initiatives, focusing on a transition to sustainable energy solutions.
Average Trading Volume: 9,521,235
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $77.88B
See more insights into BP stock on TipRanks’ Stock Analysis page.