BP Revs Up Share Buyback Programme with a Splurge on an Additional 10.5 Million Shares

In a commanding move upped by BP to reinforce its position in the global oil market, the firm has purchased an impressive 10.5 million of its own shares. The transaction took place on the 17th of April, 2025, channeled through the London Stock Exchange and Cboe (UK). This substantial acquisition is in line with the company’s authority bestowed by shareholders at its 2024 Annual General Meeting.

This purchase marks a significant milestone in BP’s televised buyback programme, which was announced earlier that year on the 11th of February. The amalgamation included the purchase of 7,500,000 shares off the London Stock Exchange, 1,000,000 off Cboe (UK)/BXE, and a further 2,000,000 through Cboe (UK)/CXE. The prices paid per share varied, with the highest being 359.00 pence, while the lowest fell to 351.40 pence. The volume-weighted average price paid per share falling in the range of 355.7212 - 355.7455 pence.

Citigroup Global Markets Limited, BP’s chosen intermediary for these purchases, will deliver the shares to the company in an expected timeline of two working days. After the settlement, the new total number of voting rights will be published in execution of applicable regulations. BP’s assertive move on the stock market is a testament to its strategic resilience, hinting at more to follow as the year unfolds.