BP (NYSE: BP) is suspending share buybacks and retiring the goal to return 30-40% of operating cash flow to shareholders, as the supermajor looks to strengthen its balance sheet amid intense ...

The British energy giant said it would put money toward new oil and gas opportunities ahead of the arrival of its new chief executive, Meg O’Neill. By Stanley Reed Reporting from London BP, the ...

LONDON, Feb 10 (Reuters) - BP (BP.L), opens new tab suspended its share buybacks and took about $4 billion in charges on its renewables and biogas assets on Tuesday, sending its shares down 7% in ...

BP on Tuesday said the board decided to suspend the share buyback and fully allocate excess cash "to accelerate strengthening" of its balance sheet. The British energy major posted fourth-quarter ...

BP has reported a 16% drop in annual profits following the slump in wholesale oil prices towards the end of 2025. The company, which is awaiting the arrival of a new chief executive in April amid its ...

Pressure mounts on oil and gas company as it aims for turnaround under new chief executive Business live – latest updates BP has halted share buybacks after reporting weaker annual profits as it ...

BP BP-0.20%decrease; red down pointing triangle suspended its share-buyback program and said it would reduce spending this year, part of a broader plan by the British energy giant to overhaul its ...

The company recognized around $4 billion after-tax of impairments—mainly in biogas and renewables—contributing to a fourth-quarter IFRS loss of $3.4 billion as BP “high-grades” its portfolio and ...

An agreement still has not been reached nearly one week after the United Steelworkers union announced it was prepared for a strike or lockout at the BP Whiting refinery. The groups are expected to ...

HOUSTON/LONDON, Feb 10 (Reuters) - BP (BP.L), opens new tab is seeking a license from the U.S. government to develop its Manakin-Cocuina gas field that crosses the border between Trinidad and Tobago ...

BP is set to drill an exploration well in the US Gulf later this year, in the same bountiful play where the UK supermajor is developing two of its key growth projects in the region. Dubbed Conifer, ...

BP has reported a drop in annual profits and increased its target for cost cutting as the oil giant was hit by the fall in crude prices last year. It reported profits of $7.5bn (£5.5bn) in 2025, down ...