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BP stays cautious as Trump's tariffs bite
April 30, 2025
|Paisley Daily Express
BRITISH energy titan BP was forced to scale back its share buyback programme, after President Donald Trump's tariff strategies sent oil prices into a nosedive.
In a cautious move, BP pared its buybacks down to $750 million (£559m), a substantial drop from the $1.75 billion allocated in the previous quarter.
Trump's aggressive tariffs pushed the price of Brent crude under the critical $70 mark, a crucial benchmark for BP's financial planning.
This disappointing performance unfolded just before Trump's so-called 'Liberation Day' on April 2, when he unloaded expansive tariffs affecting all trading partners.
هذه القصة من طبعة April 30, 2025 من Paisley Daily Express.
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