BP Boosts Share Buybacks as Earnings Exceed Estimates

February 6, 2024
Posted by: AliensFaith
Category: OBJECTIVE PRESS

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BP (NYSE: BP) is accelerating share buybacks as it looks to return more cash to shareholders after posting Q4 and full-year 2023 earnings above expectations. BP reported on Tuesday an underlying replacement cost profit – the closest metric to net profit –of $3.0 billion for the fourth quarter, compared with $3.3 billion for the previous quarter. The earnings beat analyst estimates of $2.76 billion. Full-year earnings of $13.83 billion were half the record-high level of $27.65 billion earnings for 2022, when Big Oil…

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

BP Boosts Share Buybacks as Earnings Exceed Estimates

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