BP said the annual results included an impairment totalling around US$4 billion linked to its 'transition businesses in the gas and low carbon energy segment'.

BP has reported a 16% drop in annual profits following the slump in wholesale oil prices towards the end of 2025.

British oil giant BP announced Tuesday an 86 percent slide in annual net profit, hit by lower crude prices and a huge write-down linked to its green energy transition. British rival Shell last week ...

BP on Tuesday posted fourth-quarter profit in line with expectations, after crude prices dipped below $60 a barrel for the first time in nearly five years.

Profit Decline And Oil Price ImpactBP reported a fall in annual profit and said it would increase its cost-cutting target ...

Falling oil prices haven’t stopped BP‘s (LSE:BP.) share price igniting in 2025. The FTSE 100 company’s retreat from renewables and push for more oil has clearly caught the market’s imagination. Up 10% ...