BP becomes first oil major to suspend share buyback plan
London-listed group says it will focus on strengthening its balance sheet
London-listed group says it will focus on strengthening its balance sheet

Shell, BP and peers widely expected to rein in buybacks to protect balance sheets in face of lower oil prices

UK oil major’s valuation as a multiple of expected ebitda is lower than its European peers and the gap is widening

Shareholders will challenge oil major over ‘undisciplined capital allocation’

UK oil and gas major steps up asset sales under new chair Albert Manifold

Oil major says no talks have taken place between the companies over a tie-up

Lay-offs mark ‘flashing red warning light’ for industry as executives brace for downturn that may last years