BP Investors Wince as Bonuses Bite Into Buybacks

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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.

Earnings, Corporate Strategy , Company/Financials, Equity and Debt Markets, Upstream Projects, Gas Supply, LNG Trade, M&A
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