BP CEO Looney Discusses Share Buyback, Earnings

Bloomberg Markets and Finance published this video item, entitled “BP CEO Looney Discusses Share Buyback, Earnings” – below is their description.

Apr.27 — BP Plc CEO Bernard Looney says the oil giant will begin share buybacks in an effort to win back investors who have shown little love for the company since it cut its dividend by half last year. “It’s a story of delivering on our promise of competitive cash returns for our shareholders, while at the same time transitioning the company for the future,” Looney said in an interview on Bloomberg Television as BP’s first-quarter adjusted net income rebounded to $2.63 billion, up from $791 million a year earlier.

Bloomberg Markets and Finance YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

About This Source - Bloomberg Markets and Finance

Bloomberg Markets and Finance features news about financial markets from around the world. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Bloomberg Books #Ad

Recent from Bloomberg Markets and Finance:

  • Bloomberg Green: The Road to COP26
  • Wall Street Week – Full Show (09/24/2021)
  • Bloomberg New Economy: Leading Through Recovery
  • In This Story: BP

    BP plc (formerly The British Petroleum Company plc and BP Amoco plc) is a British multinational oil and gas company headquartered in London, England. It is one of the world’s seven oil and gas “supermajors”.

    Stock tickers: (LSE: BP., FWB: BPE, NYSE: BP, FTSE 100 component (BP.))

    BP’s origins date back to the founding of the Anglo-Persian Oil Company in 1908, established as a subsidiary of Burmah Oil Company to exploit oil discoveries in Iran. In 1935, it became the Anglo-Iranian Oil Company and in 1954, adopted the name British Petroleum.

    3 Recent Items: BP

  • Grant Shapps blames haulage group for rush on petrol stations
  • Fuel panic-buying is causing shortages, warns AA president
  • Queues form at petrol stations as drivers urged not to panic buy
  • Leave a Comment

    We don't require your email address now, just your name. BUT, if you do add it, you may be notified if there are replies to your comment. Please make respectful comments, which add value, and avoid personal attacks on others. Comments failing to adhere to these guidelines will not be published.