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BP isn't buying back 5B shares, BP Plc plans to spend up to $5.9 billion buying back its shares. At current share price, the buyback is 144,476,190 ADR shares.
I established a position at 36.71 earlier this year and adding on during pullbacks. With the increasing dividend, share buyback and a 5 - 10 year horizion this is a good addition to my portfolio.
Sentiment: Strong Buy