The seven biggest oil firms — including BP, run by Bernard Looney — are set to return $38 billion in share buybacks in 2022
(Picture: PA Archive)If 2021 was the year of private equity feasting on pandemic-ravaged businesses, 2022 is looking like the year of the share buyback.
Corporates awash with cash are going shopping for their own shares at a pace. The list of firms committing to multi-billion-pound buybacks sounds like a who’s who of corporate Britain — stretching from Tesco to Unilever, Shell to WPP.
