BP

    • BP buys back $500m worth of shares

      BP buys back $500m worth of shares

      British Petroleum announced a new buyback programme focused on the company’s shares, AP reported. The UK firm said the operation will be funded by higher than expected revenues from sales in the first quarter of this year backed by higher international oil prices. The positive financial results were further stimulated by a significant reduction in debt levels.The expected buyback is valued at some 500 million dollars.

      47
    • BP to slash 10,000 jobs worldwide this year

      BP to slash 10,000 jobs worldwide this year

      Energy giant BP announced on Monday that its global workforce will be cut by 10,000 jobs following the widespread economic fallout from the coronavirus pandemic and the resulting slump in oil prices, news wires reported. The company’s current global workforce is 70,000.

      197
    • BP exits Alaska in $5.6bn deal

      BP exits Alaska in $5.6bn deal

      British oil giant BP announced Tuesday it will sell all of its Alaska operations for $5.6bn, exiting the state after 60 years to help meet divestment goals. The local firm Hilcorp Alaska will acquire the BP assets, including operations in the mammoth Prudhoe Bay oilfield, BP said in a statement.

      310