BP hits pause on buybacks after $3.4 billion Q4 loss and fresh renewables hit
BP suspended share buybacks and withdrew cash-return guidance after reporting a $3.4 billion fourth-quarter loss and $4.6 billion in impairments, mostly tied to transition businesses. Adjusted profit fell to $1.54 billion from $2.21 billion in the prior quarter. Capital spending for 2026 was set at $13–$13.5 billion. Net debt stood at $22.2 billion at year-end.