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10.02.26 - 16:54
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BP halts share buy-backs as annual profits slide (The Guardian)
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Pressure mounts on oil and gas company as it aims for turnaround under new chief executiveBusiness live – latest updatesBP has halted share buybacks after reporting weaker annual profits as it prepares to continue a plan to resuscitate its fortunes under a new chief executive.The company became the first large oil company to suspend its buybacks after its underlying earnings fell to just below $7.5bn (£5.5bn) for 2025, down from almost $9bn for 2024. Continue reading......
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10.02.26 - 08:54
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Global stocks reach record highs; BP annual profits slump 16% – business live (The Guardian)
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Japan's Nikkei jumps to new peak in extended rally after Sanae Takaichi's party secures election victory; London-listed oil giant BP suspends share buybackGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.Global stocks hit a new record in Asian trade, led by a three-day rally in Tokyo where the Nikkei jumped to a fresh peak, after Japan's conservative governing coalition strengthened its grip on power.So, the US dollar kicked off the week on the back foot, and upcoming US data from today through Friday will determine whether the pressure continues or whether the greenback finds some relief.US retail sales today are expected to show slowing growth in December — not great news for the most festive month of the year. On Wednesday, the official jobs report is expected to come in soft, with around 70k non-farm job additions, a steady unemployment rate and slower wage growth at 3.6%.We are reducing capital expenditure for 2026 to the lower end of the...
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14.01.26 - 12:01
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ROUNDUP/ Nach Chefwechsel: BP plant Milliardenabschreibung im Schlussquartal (DPA-AFX)
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Der britische Ölkonzern BP rechnet im abgelaufenen Schlussquartal mit milliardenschweren Wertminderungen. Es seien 4 bis 5 Milliarden US-Dollar (3,4 bis 4,3 Mrd Euro) Abschreibungen auf den Geschäftsbereich mit Gas und weniger CO2-intensiven Energiequellen zu erwarten, teilte das Unternehmen am Mittwoch mit. Zu den weniger CO2-intensiven Energiequellen zählen etwa Wasserstoff, CO2-Abscheidung sowie Biokraftstoffe..
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04.11.25 - 10:12
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BP to ramp up asset sales as it reports fall in profits (The Guardian)
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Oil and gas company says it will review portfolio and push to dispose of parts of the business fasterBusiness live – latest updatesBP has said it will ramp up efforts to hive off parts of the business, as the energy company reported a drop in profits in its latest quarter.The company reported an underlying profit of $2.2bn (£1.7bn) in the three months ended in September. It marked a slowdown against its previous quarter, when it made a profit of $2.4bn, but beat analyst expectations of $1.98bn. Continue reading......
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