Buyback in View As Bp Heads for Pounds 12bn Profit ; Market Report

Summary


IT IS unlikely that full-year profits from BP tomorrow will match the Pounds 12.9 billion produced by rival Shell last week - a record for any UK-listed company.

Even so they are expected to make impressive reading and, as in the case of Shell, will be bolstered by the soaring price of oil.

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Buyback in View As Bp Heads for Pounds 12bn Profit ; Market Report

Fullyear profits should come in at between $21 billion and $22 billion (Pounds 12.4 billion).

But shareholders will focus on any plans the oil giant may have of ...

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