BP’s Payout Retreat Sets It Apart From Big Oil Peers
The UK energy giant faces pressure to deliver on its turnaround.
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Welcome to our guide to the commodities driving the global economy. Today, reporter Mitchell Ferman looks at BP Plc’s decision this week to halt share buybacks and shore up its balance sheet.
BP executives were peppered with questions yesterday about the struggling oil major’s share repurchase program and when it might be restored.