BP halts share buybacks and ramps up cost-cutting as profits slump

NAMPA / DPA

2026-02-10

London (PA Media/dpa) - BP has put share buybacks on hold and upped its cost savings target as it revealed sharply lower annual profits after steep falls in the cost of crude. The FTSE 100 oil giant reported a 16% fall in underlying replacement cost profits - the company's preferred earnings measure - to $7.49 billion for 2025, down from $8.92 billion in 2024. It came after fourth-quarter earnings fell 30% quarter-on-quarter in the last three mon......

Restricted content

Economy

Turkey's industrial production falls 2.1% in December

2026-02-10 12:00:52

Swedish industrial output growth improves to 4.2%

2026-02-10 12:00:52

Ams Osram to cut hundreds of jobs as losses shrink in 2025

2026-02-10 11:31:06

Ams Osram to cut hundreds of jobs as losses shrink in 2025

2026-02-10 11:31:05

Barclays annual profit leaps 13%, bank to hand £15bn to shareholders

2026-02-10 11:01:34

Barclays annual profit leaps 13%, bank to hand £15bn to shareholders

2026-02-10 11:01:34

Norwegian inflation rises to 3.6% in January

2026-02-10 11:01:34

BP halts share buybacks and ramps up cost-cutting as profits slump

2026-02-10 10:31:30

German travel firm TUI posts strongest-ever winter start

2026-02-10 10:00:40

Dutch industrial output grows 1.3% in December

2026-02-10 10:00:40

Finnish industrial production rises 2%

2026-02-10 10:00:40

Latest NAMPA photos

WINDHOEK, 05 FEB (NAMPA)- Minister of Labour Relations and Justice, Fillemon Wise Immanuel at the 2026 Legal year opening. (Photo by Eba Kandovazu). NAMPA

NAMPA

WINDHOEK, O5 FEBRUARY 2026 - Chief Executive Officer of the Namibia Chamber of Commerce and Industry (NCCI), Titus Nampala. (Photo by: Chelva Wells) NAMPA

NAMPA

WINDHOEK, 05 February 2026- President Netumbo Nandi-Ndaitwah during the opening of the 2026 Legal year. (Photo by Eba Kandovazu). NAMPA

NAMPA

WINDHOEK, 05 FEBRUARY 2026 - Chief of the Subregional Initiative Section at Economic Commission for Africa (ECA) subregional office for Southern Africa (SRO-SA), Zodwa Mabuza. (Photo by: Chelva Wells) NAMPA

NAMPA

WINDHOEK, 05 February 2026 - Attendees pictured during a cervical cancer awareness dialogue in Windhoek. (Photo by: Mathilde Kudumo) NAMPA

NAMPA

WINDHOEK, 05 February 2026 - President Netumbo Nandi-Ndaitwah pictured with Chief Justice Peter Shivute and judicial officers. (Photo by: Eba Kandovazu) NAMPA

NAMPA

WINDHOEK, 04 February 2026 - Minister of Industries, Mines and Energy, Modestus Amutse. (Photo by: Andreas Thomas) NAMPA

NAMPA

KATIMA MULILO, 05 February 2026 - Katima Mulilo Police Station Commander, Chief Inspector Charles Mayumbelo pictured during a media conference on Thursday. (Photo: Michael Mutonga Liswaniso) NAMPA

NAMPA