BP ( (BP) ) just unveiled an announcement.
In February 2025, BP p.l.c. executed a series of share buybacks as part of a program announced in October 2024, purchasing millions of its ordinary shares on the London Stock Exchange and Cboe (UK). These transactions, conducted over several days, were in line with the authority granted by shareholders at the 2024 Annual General Meeting, and the company plans to cancel the acquired shares. This strategic move is expected to impact BP’s capital structure by reducing the number of shares in circulation, potentially enhancing shareholder value and adjusting the company’s market positioning.
More about BP
BP p.l.c. is a leading company in the energy industry, primarily engaged in the production and distribution of oil and gas. The company focuses on delivering energy products and services globally, with a significant presence in the exploration, production, refining, and marketing of petroleum products.
YTD Price Performance: 13.60%
Average Trading Volume: 11,161,254
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $86.33B
For an in-depth examination of BP stock, go to TipRanks’ Stock Analysis page.