From Financial Modeling Prep: 2025-02-11 12:50:00

BP (NYSE:BP) reported a significant decline in Q4 profit due to lower energy prices and refining margins, with a $1.2 billion underlying RC profit compared to $3 billion last year. The company also recorded a $2.0 billion net loss, a major swing from a $0.2 billion profit in Q3 2024.

Factors like lower refining margins and sluggish fuel sales impacted BP’s weak performance, with the gas and low-carbon energy division improving to $2.0 billion in profit. Oil production and operations reported $2.9 billion profit, supported by lower exploration write-offs but hindered by weaker prices. The customers and products division posted a $0.3 billion loss.

Despite challenges, BP reaffirmed its commitment to shareholders with an 8-cent-per-share dividend and a $1.75 billion share buyback for Q1 2025, showing its focus on returning capital to investors in a tough environment.



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