BP has reported a forecast-beating profit of $3 billion in the fourth quarter, exceeding projections of $2.77 billion, driven by strong gas trading and higher oil and gas prices. The company is also launching a $1.75 billion share buyback program, accelerating the pace of share buybacks, and vowing to make pragmatic investments. The stock has soared by over 5% following the announcement. BP's 2023 profit reached $13.8 billion, although it was half that of a year earlier due to cooling oil and gas prices. The new CEO's strategy aims to allay investor concerns over the company's energy transition plans.
WATCH: BP posted forecast-beating earnings of $3 billion in the fourth quarter while boosting share repurchases and vowing to make pragmatic investments, as its recently appointed CEO sought to allay investor concern over its energy transition strategy https://t.co/fSrSTw3nsE https://t.co/vL3iqG5DWA
The British energy giant BP boosted share repurchases and vowed to make pragmatic investments, in moves to soothe investor concern over its energy transition plans after it posted a forecast-beating earnings of $3 billion in the fourth quarter https://t.co/8N6089TlVY https://t.co/PIhfkk1yu4
WATCH: BP posted earnings of $3 billion in the fourth quarter, lifted by strong gas trading, taking the energy giant's 2023 profit to $13.8 billion, although that was half that of a year earlier as oil and gas prices cooled https://t.co/fSrSTw2PD6 https://t.co/KAYf6jQhxG
BP beat forecasts in the fourth quarter as the British energy giant posted earnings of $3 billion, beyond projections of $2.77 billion, which it said reflected strong gas trading and higher oil and gas prices https://t.co/8N6089SO6q https://t.co/o5ioHb4ke2
BP posted earnings of $3 billion in the fourth quarter, lifted by strong gas trading, taking the energy giant's 2023 profit to $13.8 billion, although that was half that of a year earlier as oil and gas prices cooled https://t.co/8N6089TlVY https://t.co/saAEhyK0Il
WATCH: BP beat forecasts in the fourth quarter as the British energy giant posted earnings of $3 billion, beyond projections of $2.77 billion, which it said reflected strong gas trading and higher oil and gas prices https://t.co/fSrSTw2PD6 https://t.co/GUEtHzxTcP
BP’s new boss notched a big win, with the stock soaring on a profit beat and share buyback plan https://t.co/b2Ug8ORnuC
Recently published on BP before earnings $BP boosts share buybacks as $3 billion 4Q23 profit beats forecast Plans $1.75bn buyback before reporting 1Q24 results & $14bn through 2025 Will return 80% of surplus cash generated to investors! $XOM $CVX https://t.co/Cdr2kKhCRI
$BP has gained over 5% after reporting better-than-expected results for Q4, while boosting their share buyback and dividend! #stocks #stockmarket https://t.co/z7zNQwW1M9
$BP (+5.3% pre) BP boosts share buybacks as $3 billion quarterly profit beats forecast - Reuters https://t.co/NPt3MmC5Oc
BP posted forecast-beating earnings of $3 billion in the fourth quarter while boosting share repurchases and vowing to make pragmatic investments, as its recently appointed CEO sought to allay investor concern over its energy transition strategy https://t.co/8N6089TlVY https://t.co/kj0ws1THDg
WATCH: The British energy giant BP boosted share repurchases and vowed to make pragmatic investments, in moves to soothe investor concern over its energy transition plans after it posted a forecast-beating earnings of $3 billion in the fourth quarter https://t.co/fSrSTw3nsE https://t.co/hlfzhXo7tY
⚠️ JUST IN: *OIL GIANT BP ACCELERATES PACE OF SHARE BUYBACKS AS Q4 RESULTS TOP ESTIMATES https://t.co/nCcIhKczkK 👈 $BP https://t.co/J36JVLMCQQ
$BP beats forecast with $3 billion quarterly profit, boosts buybacks BP posted forecast-beating earnings of $3 billion in the fourth quarter while boosting share repurchases and vowing to make pragmatic investments, as its recently appointed CEO sought to allay investor concern…
⚠️ KKR BEATS ESTIMATES WITH 4% RISE IN Q4 EARNINGS (Reuters) Private equity firm KKR & Co Inc said on Tuesday its fourth-quarter distributable earnings rose 4%, buoyed by strong growth in income from asset sales in addition to management and transaction fees. After-tax… https://t.co/G0SidQuDvu
BP Beats Earnings Estimates and Boosts Buybacks. The Stock Is Rising. https://t.co/d5wponhEP3
BP beats Q4 profit forecast, increases share buybacks https://t.co/un4SCG2eI7 https://t.co/g7qZKkxmRz
BP beats Q4 profit forecast, increases share buybacks #oott https://t.co/RzWMhuCAhK
BP posts forecast-beating profit, launches $1.75 billion buybacks https://t.co/h5S6kgP5KI