News Insights
BP p.l.c. has made significant strides in its share repurchase efforts, executing transactions as part of a buyback program initiated back in October 2024. In a recent announcement, the company revealed that on January 20, 2025, it purchased 7,500,000 ordinary shares across various trading platforms, including the London Stock Exchange and Cboe UK. The total shares comprised 5,500,000 on the London Stock Exchange and 2,000,000 on Cboe UK, with prices ranging from 429.40 to 439.05 pence per share during this period. These shares will be cancelled, in line with the authority granted at the 2024 Annual General Meeting, reinforcing BP's commitment to enhancing shareholder value.
Additionally, on January 16 and January 17, 2025, BP made further share repurchases, buying 7,250,000 shares and an additional 7,500,000 shares respectively, again at prices that varied slightly each day. The completion of these transactions positions BP as a proactive player in managing its capital structure, signaling confidence in its financial health amidst a volatile market. Furthermore, managerial personnel within BP, including Non-Executive Directors, reported their transactions involving BP shares, indicating ongoing investment in the company. Overall, these developments highlight BP's strategic focus on returning value to shareholders while continuing its operational and financial growth trajectory.
Show more
Register for streaming realtime charts, analysis tools, and prices.
Hot Features
Premium
