BP Promises Another $1.5 Billion Buyback as Profit Soars

  • Company pledges to accelerate transition to cleaner energy
  • Three out of four oil majors beat fourth-quarter expectations
WATCH: CEO Bernard Looney discusses BP’s decision to boost share buybacks after surging oil and gas prices lifted profit.Source: Bloomberg
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BP Plc boosted share buybacks after surging oil and gas prices lifted profit to the highest in almost a decade.