Soon after getting the top job permanently at the start of the year, the chief executive, Murray Auchincloss, said BP planned to spend $14bn (£10.8bn) buying back shares over the course of 2024 and 2025. Now he's not so sure about the second lap of the track.
The $14bn figure is described as "currently unchanged", meaning the $1.75bn a quarter pace can be maintained for the rest of the year, but a warning has been attached thereafter. Next February, BP will "review elements of our financial guidance, including our expectations for 2025 share buybacks", said yesterday's third-quarter report. This was pre-guidance guidance that BP expects to change. It is the sort of laborious preamble that is becoming a BP hallmark.
Bu hikaye The Guardian dergisinin October 30, 2024 sayısından alınmıştır.
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Bu hikaye The Guardian dergisinin October 30, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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