BP outlook seen improving faster on high prices, margins
Barclays analyst Lydia Rainforth says BP could reach a materially stronger financial position faster than some investors expect, citing war-driven high oil prices, exceptional refining margins and simplification efforts.
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05:41:56 AM UTC
SquawkNews
BP shouldn't prioritize an immediate increase in shareholder returns, including a resumption of the quarterly buyback, Barclays analyst Lydia Rainforth writes in a note about the British energy major's improving financial outlook. Instead, BP's management should continue to focus on operational exe…
Barclays analyst Lydia Rainforth said BP should not make an immediate move to increase shareholder returns, including restarting the quarterly buyback, as the British energy major's financial outlook improves. Rainforth said BP management should stay focused on operational execution instead.