BP surges more than 6% after earnings results - Breaking The News

BP surges more than 6% after earnings results

6 February

1 min read

EPA-EFE/FACUNDO ARRIZABALAGA

The shares of BP plc soared by more than 6% during the trading session on Tuesday after the release of its fourth-quarter results. The company's net profit came in at $2.9 billion, exceeding expectations.

In addition, the British multinational oil and gas company announced a $1.75 billion share buyback before the first quarter of fiscal 2024.

BP stock soared by 6.15% at 9:12 am CET, to sell for 481.55 apiece.

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