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30 Jul 2024 17:56
BP p.l.c.
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Share Repurchases
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30 July 2024
BP p.l.c. (the "Company") announces that it is to commence two share buyback programmes to repurchase ordinary shares in the capital of the Company.
The purpose of the first share buyback programme is to reduce the issued share capital of the Company.
The maximum amount allocated to the first share buyback programme is around $1.75 billion for a period up to and including 25 October 2024.
The purpose of the second share buyback programme is to reduce the issued share capital of the Company to offset dilution from the vesting of awards under employee share schemes.
The maximum amount allocated to the second share buyback programme is around $0.3 billion for a period up to and including 30 September 2024.
Both share buyback programmes will be carried out on the London Stock Exchange and/or Cboe (UK) and will be effected within certain pre-set parameters.
Any purchases of ordinary shares by the Company in relation to this announcement will be conducted in accordance with the Company's general authority to repurchase shares granted by its shareholders at the Company's 2024 Annual General Meeting and any further approvals to repurchase shares as may be granted by its shareholders from time to time, the Market Abuse Regulation 596/2014 as it forms part of domestic law by virtue of section 3 of the European Union (Withdrawal) Act 2018 (as amended) and Chapter 12 of the Listing Rules.
Further enquiries:
bp Investor Relations +44(0) 207 496 4000
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