Company Report

BP corporate - reported results analysis

This report is currently unavailable

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQs about online orders

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

BP’s underlying operational and financial performance in Q4 was solid, if unspectacular. But past mistakes continue to cast a long shadow, showing up in impairments and a stretched financial frame. Strengthening the balance sheet is an imperative. BP has suspended the share buyback programme – a decision that will push its shareholder payout ratio to less than half that of peers. Point forward, all excess cash will be used to pay down debt. Cash capex for 2026 will be at the bottom end of BP’s US$13 to 15 billion range, and the company increased its target for structural cost reductions by US$1.5 billion. Anticipated disposal proceeds of US$9 to 10 billion are expected to alleviate pressure on the balance sheet in the second half of the year.

 

These reports provide unsurpassed proprietary data and analysis, underpinned by our industry leading asset models to help you understand your peers and competitors, and make the best strategic choices.

Table of contents

    • Q4 2025 earnings
    • Full-year 2025 earnings
    • Trading
    • Balance sheet
    • Impairments
  • Shareholder distributions
  • Guidance
  • Headline financials
  • Shareholder distributions
  • Messaging
  • Headline financials
  • Shareholder distributions
  • Messaging
  • Structural cost reductions
  • New chair, new plan?
  • Headline financials
  • 92 more item(s)...

Tables and charts

This report includes the following images and tables:

    Key quarterly dataKey quarterly data
    Key quarterly dataKey quarterly dataKey quarterly dataKey quarterly dataKey quarterly dataKey quarterly dataKey quarterly dataKey quarterly data
  • 32 more item(s)...

What's included

This report contains:

  • Document

    BP corporate - reported results analysis

    PDF 4.43 MB