British oil giant $BP.L (BP) on Tuesday posted fourth-quarter profit in line with expectations and suspended share buybacks, seeking to shore up its balance sheet as lower crude prices take their toll.
The London-listed energy firm reported underlying replacement cost profit, used as a proxy for net profit, of $1.54 billion for the final three months of 2025. That matched analyst expectations of $1.54 billion, according to an LSEG-compiled consensus.
BP’s full-year 2025 net profit came in at $7.49 billion, missing analyst expectations of $7.58 billion. That’s down from nearly $9 billion in 2024.
BP said the board decided to suspend the share buyback and fully allocate excess cash “to accelerate strengthening” of its balance sheet. The firm’s previous buyback was $750 million and was announced alongside third-quarter results in November.
For the fourth quarter, the company announced a dividend per ordinary share of 8.320 cents.
“2025 was a year of strong underlying financial results, strong operational performance, and meaningful strategic progress,” Carol Howle, BP interim CEO, said in a statement.
“We have made progress against our four primary targets - growing cash flow and returns, reducing costs, and strengthening the balance sheet - but know there is more work to be done, and we are clear on the urgency to deliver,” she added.
Source: www.cnbc.com/2026/02/10/bp-earnings-q4-full-year-oil-energy.html... Show More
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Tue Mar 10 2026 06:57:43 GMT+0000 (Coordinated Universal Time)
