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BP : to resume share buybacks as profit soars on strong oil, gas trading


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LONDON (Reuters) - BP s profit more than tripled to $2.6 billion in the first quarter thanks to stronger oil prices and bumper revenue from natural gas trading, paving the way for the energy company to start buying back its shares.
The jump in profits from a year earlier comes as BP says it expects oil demand to recover in 2021 due to strong growth in the United States and China as COVID-19 vaccination programmes accelerate.
In a sign of growing confidence in the economic recovery and its operations following a year of cutting costs, headcount and its dividend, BP said it will buy back $500 million of shares in the second quarter to offset dilution from an employee share distribution programme. ....

United States , Bernard Looney , Shadia Nasralla , Ron Bousso , Kirsten Donovan , Chief Executive Bernard Looney , Louise Heavens , ஒன்றுபட்டது மாநிலங்களில் , பெர்னார்ட் லூனி , கர்ஸ்டந் டொநொவந் , தலைமை நிர்வாகி பெர்னார்ட் லூனி , லூயிஸ் வானம் ,