BP has pledged to “do better” after cancelling a $750m (£549m) shareholder payout as it scrambles to cut debts.

Markets did not like the decision to suspend share buy-backs – and investors will want clarity about what happens next ...

BP on Tuesday posted fourth-quarter profit in line with expectations, after crude prices dipped below $60 a barrel for the first time in nearly five years.

BP detailed a previously-flagged $4 billion of writedowns from its energy transition business in the fourth quarter, which included Archaea Energy, the biogas business BP agreed to buy for $4.1 ...

BP's decision to scrap buybacks may be painful in the short run, but by prioritising production growth over shareholder ...

BP’s decision to scrap buybacks may be painful in the short run, but by prioritising production growth over shareholder payouts it can begin to repair its shaky financial footing.

US firm held talks with LSEG to push performance at time of reduced listings and AI concerns ...

LONDON, Feb 10 (Reuters) - BP posted a fourth-quarter underlying replacement cost profit, or adjusted net income, of $1.54 billion on Tuesday, up around 32% on last year and in line with expectations.

The company slashed a $750 million quarterly stock repurchases program that had already been reduced last year, according to ...

The British energy giant said it would put money toward new oil and gas opportunities ahead of the arrival of its new chief ...

The oil giant also says it is suspending its share buyback programme ahead of the arrival of its new boss.

BP has pledged to “do better” after cancelling a $750m (£549m) shareholder payout amid a decline in the oil price and sudden ...