Tue, 27th Oct 2020 09:54
LONDON, Oct 27 (Reuters) - BP could start buying back
shares in the fourth quarter of next year or the beginning of
2022 if the oil price ranges between $45-50 a barrel,
Chief Financial Officer Murray Auchincloss said on Tuesday.
BP has said it would start buybacks once its net debt,
currently at $40.4 billion, falls to $35 billion.
(Reporting by Shadia Nasralla and Ron Bousso; Editing by
Kirsten Donovan)
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