BP Investors Wince as Bonuses Bite Into Buybacks

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
BP,Logo,Company,Brand,Sign,Building
Newscast/NEWCA/AP

BP dialed down its share buyback program in the first quarter, to the dismay of shareholders, an outflow of $1.4 billion driven by annual bonuses for employees took a big bite out of the UK major's cash flow.

Topics:
Earnings, Corporate Strategy , Company/Financials, Equity and Debt Markets, Upstream Projects, Gas Supply, LNG Trade, M&A
Wanda Ad #2 (article footer)
#
Some panelists at the Reuters Energy Transition Conference implored the oil and gas sector to step up low-carbon investments, but others pointed to major constraints.
Wed, Jun 7, 2023
Russia’s Gazprom won’t pay dividends for the second half of 2022 after record payouts for the first half.
Wed, May 24, 2023