BP Plc Dazzles Shareholders with Whopping 9,011,000 Share Buyback in Accordance with 2024 mandate

In a bold move illustrating its financial prowess, BP Plc announced an impressive transaction, buying back a staggering 9,011,000 of its ordinary shares. This buyback, performed in accordance with the shareholders’ agreement reached in the 2024 Annual General Meeting, represents a hefty injection of confidence into the company’s long term strategy.

The purchase, which includes shares of $0.25 each, was conducted through the London Stock Exchange and UK-based trading platform, Cboe. Notably, the move forms part of the buyback programme the energy titan announced on 11 February 2025.

In the transaction, 6,011,000 shares were procured via the London Stock Exchange, with a further 1,000,000 and 2,000,000 shares obtained from Cboe’s BXE and CXE platforms respectively. The highest price paid for a share was 367.15 pence, whilst the lowest was a close 360.50 pence.

More specific transaction details can be viewed on the London Stock Exchange’s website. In terms of delivery, it is anticipated that the shares purchased will be delivered to the company within two working days.

The huge buyback has seen BP Plc further secure its position as an energy behemoth. By executing the agreed buyback programme, the company has not only demonstrated its financial savvy but also underlined its commitment to shareholder return.