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FEBRUARY 10, 2026 AT 07:00 AM

BP (BP/ LN) Q4 2025 (USD): Adj. EPS 0.10 (exp. 0.099), Adj. Net 1.5bln (exp. 1.53bln), Board has decided to suspend share buybacks; Net Debt 22.18bln (exp. 23.04bln); Dividend per share 8.32c (exp. 8.29c); Operating Cash Flow 7.6bln (exp. 7.4bln)

Importance
Level 1
  • Debt gearing 23.1% (exp. 23.5%).
  • Total divestment and other proceeds for FY USD 5.3bln.
  • Total divestment and other proceeds for 4Q USD 3.6bln.
  • Group structural cost cut target to USD 5.5-6.5bln by end-2027.
  • BP expected proceeds from divestments now above USD11bln.
  • Reduces capital expenditure for 2026 to lower end of guided range.
  • Will allocate excess cash to accelerate strengthening of balance sheet.