LONDON (AFX) – Oil giant BP PLC may have missed analysts’ expectations – but gave an assurance it will resume share buybacks in the first quarter. Analysts were expecting pro forma earnings, adjusted for special items, of between US$2.895 billion and US$3.195 billion, giving a consensus figure of US$3.01 billion. Instead, BP reported last week…
COMPANY: BP to resume share buyback Merrill Lynch retains ‘buy’ call
Posted on February 16, 2004 by EnergyAsia