BP halts share buy-backs as annual profits slide
#BP #Share buy-backs #Annual profits #Oil and gas #Chief Executive #Investment #Capital allocation
📌 Key Takeaways
- BP has officially suspended its share buy-back program following a drop in annual profits.
- The decision aims to preserve capital as the company pursues a strategic turnaround plan.
- The energy giant is facing increased pressure under the leadership of its new chief executive.
- Financial results reflect broader volatility and challenges within the global oil and gas markets.
📖 Full Retelling
🏷️ Themes
Finance, Energy, Corporate Strategy
📚 Related People & Topics
Fossil fuel
Fuel formed over millions of years from dead plants and animals
A fossil fuel is a flammable carbon compound- or hydrocarbon-containing material formed naturally in the Earth's crust from the buried remains of prehistoric organisms (animals, plants or microplanktons), a process that occurs within geological formations. Reservoirs of such compound mixtures, such ...
BP
British multinational oil and gas company
BP p.l.c. is a British multinational oil and gas company headquartered in London, England. It is one of the oil and gas "supermajors" and one of the world's largest companies measured by revenues and profits.
Chief executive officer
Highest-ranking officer of an organization
A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of a company or a nonprofit organization. CEOs find roles in various organizations, including public and private corporations, nonprofit organizatio...
Investment
Set of actions with the intent of earning profit
# Investment **Investment** is the strategic commitment of resources to an asset or endeavor with the expectation of generating profit, increasing value, or achieving a favorable return over a specified period. ### Definitions and Perspectives The concept of investment can be interpreted through ...
🔗 Entity Intersection Graph
Connections for Fossil fuel:
- 🏢 Piper Sandler Companies (1 shared articles)
- 🏢 ConocoPhillips (1 shared articles)
- 🌐 Texas (1 shared articles)
- 🌐 ESG (1 shared articles)
- 🌐 First Amendment to the United States Constitution (1 shared articles)
- 👤 Robert L. Pitman (1 shared articles)
- 👤 Donald Trump (1 shared articles)
- 👤 White House (1 shared articles)
- 🌐 United States Department of Defense (1 shared articles)
- 🌐 Coal (1 shared articles)
- 🏢 Galp Energia (1 shared articles)
- 🏢 Audit (1 shared articles)
📄 Original Source Content
<p>Pressure mounts on oil and gas company as it aims for turnaround under new chief executive</p><ul><li><p><a href="https://www.theguardian.com/business/live/2026/feb/10/global-stocks-record-highs-bp-annual-profits-slump-us-retail-sales-live-news-updates">Business live – latest updates</a></p></li></ul><p>BP has halted share buy-backs after reporting weaker annual profits as it prepares to continue a plan to resuscitate its fortu