BP halts share buy-backs as annual profits slide
Pressure mounts on oil and gas company as it aims for turnaround under new chief executiveBusiness live – latest updatesBP has halted share buy-backs after reporting weaker annual profits as it prepares to continue a plan to resuscitate its fortunes under a new chief executive.The company’s underlying earnings fell to just below $7.5bn (£5.5bn) for 2025, from almost $9bn for 2024, after global oil prices fell for a third consecutive year and at the steepest rate since the Covid pandemic. Continue reading...
Pressure mounts on oil and gas company as it aims for turnaround under new chief executive
BP has halted share buy-backs after reporting weaker annual profits as it prepares to continue a plan to resuscitate its fortunes under a new chief executive.
The company’s underlying earnings fell to just below $7.5bn (£5.5bn) for 2025, from almost $9bn for 2024, after global oil prices fell for a third consecutive year and at the steepest rate since the Covid pandemic. Continue reading...
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