British oil and gas supermajor BP Plc.(NYSE: BP) has announced plans to buy back $2.5 billion in shares after an impressive third quarter. BP delivered strong Q3 results that far exceeded market expectations, including adjusted net income of $8.15B that topped the $6.1B analyst consensus. The robust earnings are nearly 5 billion more than the company’s $3.
3 billion profits just one year ago. BP has high energy volatility to thank for the impressive earnings, which helped boost the earnings contribution from the oil giant’s…BP Looking At Billions in Buybacks For Q4
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