BP Urged to Halt Share Buybacks for New CEO's Financial Flexibility

UK oil giant BP is being advised to pause its share buyback program to provide incoming CEO Meg O'Neill with greater financial flexibility. Bloomberg posted on X, suggesting that this move would allow O'Neill to navigate the company's financial landscape more effectively. The recommendation comes as BP faces various economic challenges and aims to ensure a stable transition in leadership. The decision to halt buybacks could offer the new CEO the necessary resources to address these challenges strategically source: https://www.binance.com/en/square/post/289700797422705?utm_source=BinanceNewsRSS