The company had been a leader among the oil majors in shifting business away from fossil fuels and toward renewables.
The energy company joins British peer Shell in warning that weak fourth-quarter oil-trading performance would drag on earnings.
BP (BP.L) expects its financial results for the fourth quarter of 2025 to be dented by $4 billion to $5 billion in impairment charges at its gas and low-carbon energy segment, as well as a weak ...
BP expects $4-5 billion in Q4 impairments primarily in its energy transition businesses, reports weak oil trading, and sees a ...
By Shadia Nasralla and Stephanie Kelly LONDON, Jan 14 (Reuters) - Oil major BP expects to book $4 billion to $5 billion in ...
BP rises despite saying it expects weaker oil trading and falling prices to weigh on Q4 earnings, while expecting net debt to ...
Energy company also under pressure from worse oil trading performance and weaker oil prices ...
LONDON (Reuters) -BP said it expects upstream production to rise in the third quarter, reversing earlier guidance for a slight decline, but flagged weak oil trading performance in a trading update ...
The British oil giant warned that weaker oil and gas prices will further weigh on earnings. Brent crude averaged $63.73 per barrel in Q4, down from ...
BP (BP) closed the most recent trading day at $35.92, moving +2.19% from the previous trading session. This change outpaced the S&P 500's 1.16% gain on the day. Meanwhile, the Dow gained 1.21%, and ...