Earnings News

BP Turns To Profit In Q3; To Execute Further $1.5 Bln Share Buyback

British energy major BP Plc (BP.L, BP_UN.TO, BP) reported that its third quarter profit attributable to shareholders was $4.86 billion or $1.66 per ADS compared to a loss of $2.16 billion or $0.69 per ADS in the same quarter last year.

BP intends to execute a further $1.5 billion share buyback prior to reporting fourth quarter results. The $1.5 billion share buyback program announced with the second quarter results was completed on 27 October 2023.

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by RTTNews Staff Writer

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