BP's Profits Beat Expectations, But Stock Falls on Slowing Buyback Program and Low Oil Prices.
TL;DR Summary
BP's stock fell as the company announced plans to slow down share buybacks due to declining oil prices. This news comes amidst ongoing volatility in the stock market and broader financial markets.
- BP Stock Falls With Share Buybacks Set to Slow. Oil Prices Are Down. Barron's
- BP beats first-quarter profit expectations but shares slide 6% on slowing buyback program CNBC
- BP profits set to revive windfall tax calls Reuters
- BP Earnings Beat Expectations. Why the Stock Is Falling. Barron's
- BP pays $1 billion under Britain's windfall tax Yahoo Finance
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