BP begins share buybacks as years of austerity pay off

(Reuters) – BP Plc (BP.L) said on Wednesday it would begin a share buyback programme, making it the first major European energy company to resume buybacks since the 2014 price slump in a sign years of austerity have paid off.

FILE PHOTO – An aircraft of Korean Airlines is seen above a BP petrol station approaching to land at Zurich Airport in Kloten, Switzerland October 3, 2017. REUTERS/Arnd Wiegmann/File Photo

The British oil company, which recently reported a doubling in third-quarter profit, said the buyback programme had been authorised for between

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