MarketWatch

BP to halt stock buybacks ahead of new CEO’s start

BP said it was halting stock buybacks as the oil and gas giant said it wanted to rebuild its balance sheet. The London-based energy group UK:BP BP said Tuesday it was trying to reduce net debt by as ...
The New York Times

BP Suspends Share Buybacks as Profit Slumps

The British energy giant said it would put money toward new oil and gas opportunities ahead of the arrival of its new chief executive, Meg O’Neill. By Stanley Reed Reporting from London BP, the ...
Reuters

BP suspends buyback to trim debt, sending shares down 7%

LONDON, Feb 10 (Reuters) - BP (BP.L), opens new tab suspended its share buybacks and took about $4 billion in charges on its renewables and biogas assets on Tuesday, sending its shares down 7% in ...
Chicago Tribune

USW prepared to strike at BP refinery, leadership announces

The United Steelworkers Union announced on Thursday that its workers should prepare for a strike or lockout at the BP Whiting refinery. USW 7-1 members authorized an initial financial transfer from ...
Wall Street Journal

BP Investors Demand Proof That Shift Back to Oil and Gas Will Boost Returns

BP needs to demonstrate that higher spending on oil-and-gas production will deliver value for shareholders, a group of investors in the energy major said Tuesday. BP is funneling investments into its ...
Rigzone

BP Sees Up To $5B Impairments Tied to Low Carbon Assets

BP PLC said Wednesday it expects to book $4-5 billion in write-downs primarily related to its "transition" business for the fourth quarter of 2025. "These charges are primarily attributable to the gas ...
Wall Street Journal

BP Flags $5 Billion Write-Down of Low-Carbon Business

BP BP1.99%increase; green up pointing triangle said it would write down the value of its gas and low-carbon energy division by up to $5 billion, the legacy of an ill-timed move into renewables that ...
Seeking Alpha

BP Selling A 65% Stake In Castrol Could Be A Great Move

BP p.l.c. is divesting 65% of its Castrol brand to Stonepeak for $6 billion, accelerating its $20 billion divestment plan. BP will use the $6 billion proceeds to reduce net debt, targeting a $14B–$18B ...
Carscoops

BP Found A Buyer For Castrol And It’s Not Who You’d Expect

Castrol has been around for 126 years and is one of the largest and most recognizable lubricant companies in the world. However, they have a new owner as Britain’s BP has announced plans to sell a 65 ...
Crude Oil Prices

BP CEO Shake-Up Reopens Talk of a Shell Megadeal

Meg O’Neill’s appointment as BP CEO marks a historic first for Big Oil, making her the first woman to lead a supermajor when she takes over in April 2026. Her arrival has reignited speculation of a BP ...
Forbes

BP Merger With Shell Edges Closer With O’Neill’s Appointment

This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. Investors can expect a revival of speculation about a merger of global oil giants BP and ...