economy
February 10, 2026
BP suspends share buyback plan in fresh sign of oil price pressure
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.
TL;DR
- BP's fourth-quarter profit met expectations at $1.54 billion.
- The company suspended its share buyback program to strengthen its balance sheet.
- Full-year 2025 profit of $7.49 billion missed analyst expectations and was down from 2024.
- Net debt decreased to $22.18 billion, while operating cash flow increased to $7.6 billion.
- BP set its 2026 capital expenditure budget between $13 billion and $13.5 billion.
- The decision reflects the tough market conditions and lower crude prices affecting the oil and gas sector.
- Industry peers Equinor and Shell also reported weaker quarterly earnings.
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