RE: Buyback 16 th September20 Sep 2022 14:08
Jak
''assuming therefore that the total number if shares is 18.8bn and we buyback 12% annual roughly, then is it not logical that the share price by end of 2023 should be around 15% higher than it is currently, or am I talking complete nonsense?''
the purpose of a share buyback is to reduce the share count, which at the same time increse the per share metrics.
The market decides on a daily basis the value of BP - on current profitably the share price does not look expensive