|Bid||0.00 x 1200|
|Ask||0.00 x 900|
|Day's Range||167.37 - 170.12|
|52 Week Range||130.52 - 189.68|
|Beta (5Y Monthly)||1.13|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||5.68 (3.25%)|
|Ex-Dividend Date||Aug 18, 2022|
|1y Target Est||N/A|
WASHINGTON—President Biden plans to propose quadrupling the 1% tax on stock buybacks that took effect in January, which the White House said would encourage companies to invest in their growth instead of boosting shareholders. Mr. Biden will discuss the proposed change during his State of the Union speech on Tuesday, the White House said in a preview of the address, in which the president will also tout economic progress since the early days of the Covid-19 pandemic. The plan to boost the buyback tax might struggle to advance through the divided Congress, where Republicans control the House.
BP stock has rebounded 57% from Oct. 2020 lows of 14.74. Meanwhile, Exxon Mobil stock has ballooned 258% since then.
President Biden on Tuesday night will call for quadrupling the tax on corporate stock buybacks, the White House said Monday.