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bp: $500m share buyback program

( - bp announced on Monday the launch of a share buyback program of up to 500 million dollars to offset the dilutive effect of the allocation of shares to its employees.

These share buybacks will be made on the London Stock Exchange until 7 February inclusive, the British energy group said in a brief statement.

Up 1.1% this morning, bp shares were one of the best performers on the London Stock Exchange's FTSE 100 index on Monday.

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