The London-listed energy firm reported underlying replacement cost profit, used as a proxy for net profit, of $1.54 billion for the final three months of 2025. That matched analyst expectations of $1.54 billion, according to an LSEG-compiled consensus.<\/p>\n
BP’s full-year 2025 net profit came in at $7.49 billion, missing analyst expectations of $7.58 billion. That’s down from nearly $9 billion in 2024. <\/p>\n
BP said the board decided to suspend the share buyback and fully allocate excess cash “to accelerate strengthening” of its balance sheet. The firm’s previous buyback was $750 million and was announced<\/a> alongside third-quarter results in November. <\/p>\n For the fourth quarter, the company announced a dividend per ordinary share of 8.320 cents.<\/p>\n “2025 was a year of strong underlying financial results, strong operational performance, and meaningful strategic progress,” Carol Howle, BP interim CEO, said in a statement.<\/p>\n “We have made progress against our four primary targets – growing cash flow and returns, reducing costs, and strengthening the balance sheet – but know there is more work to be done, and we are clear on the urgency to deliver,” she added.<\/p>\n Woodside Energy boss Meg O’Neill is scheduled to take the reins at BP<\/a> on April 1, following Murray Auchincloss’ decision to step down late last year.<\/p>\n Shares of BP fell 3.9% shortly after the opening bell, slipping to the bottom of the pan-European Stoxx 600 index.<\/p>\n Some other earnings highlights included:<\/p>\n BP’s fourth-quarter net debt came in at $22.18 billion, down from around $23 billion in the same period last year.Fourth-quarter operating cash flow came in at $7.6 billion, up from $7.43 billion a year ago.BP set its 2026 capital expenditure budget at $13 billion to $13.5 billion, reflecting the lower end of its guidance range. <\/p>\n The results come at a tough time for Europe’s oil and gas sector. <\/p>\n Oil prices notched their biggest annual loss<\/a> since the Covid-19 pandemic last year, partly due to oversupply concerns, ratcheting up the pressure<\/a> on Big Oil’s commitment to shareholder returns. <\/p>\n BP’s industry rivals Equinor<\/a> and Shell<\/a> both reported weaker quarterly earnings last week, citing lower crude prices, among other factors.<\/p>\n Stock Chart IconStock chart icon BP, Equinor and Shell shares year-to-date<\/p>\n![\"hide](\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\")
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