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The Guardian - UK
The Guardian - UK
Business
Jillian Ambrose Energy correspondent

BP halts share buy-backs as annual profits slide

British Petroleum Oil
BP petrol station sign
BP’s underlying earnings fell to just below $7.5bn for 2025. Photograph: Nick Ansell/PA

BP has halted share buybacks after reporting weaker annual profits as it prepares to continue a plan to resuscitate its fortunes under a new chief executive.

The company became the first large oil company to suspend its buybacks after its underlying earnings fell to just below $7.5bn (£5.5bn) for 2025, down from almost $9bn for 2024.

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