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BP (BP/ LN) CEO says it is premature to pursue major expansion beyond growth within the existing portfolio until the balance-sheet repair is complete; Co. will continue to use excess profits to pay down debt and will not increase spending

StockNow breaking-news AI analysis

BP plans to prioritize balance-sheet repair, debt repayment from excess profits and growth within its existing portfolio; its CEO gave no buyback-resumption timetable.

News detail

CEO declines to say when share buybacks will resume.

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BPBP p.l.c.$44.60Current price

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