BP Looking At Billions in Buybacks For Q4 ...Middle East

British oil and gas supermajor BP Plc.(NYSE: BP) has announced plans to buy back $2.5 billion in shares after an impressive third quarter. BP delivered strong Q3 results that far exceeded market expectations, including adjusted net income of $8.15B that topped the $6.1B analyst consensus. The robust earnings are nearly 5 billion more than the company’s $3.3 billion profits just one year ago.   BP has high energy volatility to thank for the impressive earnings, which helped boost the earnings contribution from the oil giant’s…

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