Published: Tuesday, February 10, 2026 · 8:39 AM | Updated: Tuesday, February 10, 2026 · 8:39 AM
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🗝️ Key Points
- BP stock sold off as markets opened on Tuesday as it said it is suspending its share buyback programme.
- Pedro Goncalves writes: The oil major's fourth quarter profits in line with expectations, as crude prices slipped below $60 a barrel for the first time in almost five years.
- The London-listed oil major posted underlying replacement cost profit of $1.54bn for the final three months of 2025, matching the $1.54bn forecast by analysts, according to an.
BP stock sold off as markets opened on Tuesday as it said it is suspending its share buyback programme.
Pedro Goncalves writes:
The oil major’s fourth quarter profits in line with expectations, as crude prices slipped below $60 a barrel for the first time in almost five years.
The London-listed oil major posted underlying replacement cost profit of $1.54bn for the final three months of 2025, matching the $1.54bn forecast by analysts, according to an LSEG compiled consensus.
Full-year net profit for 2025 came in at $7.49bn, slightly below analysts’ expectations of $7.58bn and down from almost $9bn in 2024.
The last time the oil major did not launch a quarterly buyback was in 2020, during the early stages of the coronavirus pandemic, when oil (BZ=F) prices slumped and energy companies moved to protect their balance sheets.
BP’s previous buyback was $750m, announced in November alongside its third quarter results. The group had cut its buyback in April last year from $1.75bn.
The results come at a challenging moment for Europe’s oil and gas sector. Oil prices recorded their steepest annual decline since the COVID-19 pandemic last year, weighed down by concerns over oversupply and intensifying pressure on big producers to maintain shareholder returns.
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