BP's $8bn share buyback

Name: BP's $8bn share buyback
Uploaded: 2013-03-22T16:29:52.784Z
Duration: 2 min 28 s
Channel: Financial Times
Description: Lex on BP's big cash return

BP will launch a share buyback worth $8bn following the sale of its TNK-BP stake. The oil group has been selling assets to pay for the Gulf of Mexico disaster, and there could be more costs to come. Lex's Stuart Kirk and Oliver Ralph consider the reasons behind the share buyback, which would reduce its flexibility in the future.

March 22, 2013

Produced by Tulay Kalyon. Filmed by James MacDonald.