BP PLC

BP.: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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BP Earnings: Buyback Suspension Shocks, but Better Position for Future

Allen Good

Feb 11, 2026

BP's fourth-quarter earnings of $1.5 billion met market expectations and were improved from the year before, primarily from a recovery in refining margins, offset by weaker oil prices. Net debt held flat with the third quarter, but management halted share repurchases to improve balance-sheet health.

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BP PLC

BP Earnings: Buyback Suspension Shocks, but Better Position for Future

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