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BP might start share buybacks in fourth quarter 2021: CFO

FILE PHOTO: The logo of BP is seen at a petrol station in Kloten, Switzerland October 3, 2017. REUTERS/Arnd Wiegmann

LONDON (Reuters) - BP BP.L could start buying back shares in the fourth quarter of next year or the beginning of 2022 if the oil price LCOc1 ranges between $45-50 a barrel, Chief Financial Officer Murray Auchincloss said on Tuesday.

BP has said it would start buybacks once its net debt, currently at $40.4 billion, falls to $35 billion.

Reporting by Shadia Nasralla and Ron Bousso; Editing by Kirsten Donovan

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