BP on Tuesday posted fourth-quarter profit in line with expectations, after crude prices dipped below $60 a barrel for the first time in nearly five years.

BP has reported a 16% drop in annual profits following the slump in wholesale oil prices towards the end of 2025.

BP has pledged to “do better” after cancelling a $750m (£549m) shareholder payout as it scrambles to cut debts.

BP detailed a previously-flagged $4 billion of writedowns from its energy transition business in the fourth quarter, which included Archaea Energy, the biogas business BP agreed to buy for $4.1 ...

US firm held talks with LSEG to push performance at time of reduced listings and AI concerns ...

BP suspended its share buybacks and took about $4 billion in charges on its renewables and biogas assets on Tuesday, sending ...

The company slashed a $750 million quarterly stock repurchases program that had already been reduced last year, according to ...

BP’s decision to scrap buybacks may be painful in the short run, but by prioritising production growth over shareholder payouts it can begin to repair its shaky financial footing.

In a blow to investors, BP said it was suspending its share buyback programme 'to accelerate strengthening' of its balance ...

BP's decision to scrap buybacks may be painful in the short run, but by prioritising production growth over shareholder payouts it can begin to repair its shaky financial footing.

The British energy giant said it would put money toward new oil and gas opportunities ahead of the arrival of its new chief ...

BP has pledged to “do better” after cancelling a $750m (£549m) shareholder payout amid a decline in the oil price and sudden ...