BP to buy back $1.4bn of shares as rising oil price boosts profits

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BP to buy back $1.4bn of shares as rising oil price boosts profits
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  • 📰 The Guardian
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Energy company raises oil price forecasts for rest of decade, but lowers them for longer term

The company, which is one year into a plan to transform from an oil major to an “integrated energy company”, announced the shareholder sweeteners after raising its oil price forecasts for the rest of the decade and lowering them over the longer term as governments quicken the pace towards their climate targets.

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