BP (BP) Company Report

Analyst Coverage

Research analysts who have asked questions during BP earnings calls.

Lucas Herrmann

BNP Paribas

6 questions for BP

Also covers: CVX, SHEL, TTE

Paul Cheng

Scotiabank

6 questions for BP

Also covers: APA, CLNE, COP +20 more

Henry Tarr

Berenberg

5 questions for BP

Also covers: , E, OMVKY +2 more

Kim Fustier

HSBC

5 questions for BP

Also covers: E, EQNR, SHEL +1 more

Peter Low

Redburn Atlantic

5 questions for BP

Also covers: , E, EQNR +3 more

Biraj Borkhataria

Royal Bank of Canada

4 questions for BP

Also covers: CVX, E, EQNR +3 more

Christopher Kuplent

Bank of America

4 questions for BP

Also covers: EQNR, SHEL, TS +1 more

Doug Leggate

Wolfe Research

4 questions for BP

Also covers: APA, AR, CNQ +21 more

Irene Himona

Sanford C. Bernstein

4 questions for BP

Also covers: E, EQNR, SHEL +1 more

Lydia Rainforth

UBS

4 questions for BP

Also covers: E, EQNR, SHEL +1 more

Ryan Todd

Simmons Energy

4 questions for BP

Also covers: COP, CVX, DAR +9 more

Alejandro Vigil

Santander

3 questions for BP

Also covers: E, EQNR, TTE

Jason Gabelman

TD Cowen

3 questions for BP

Also covers: CLMT, CLNE, CVX +19 more

Joshua Stone

UBS Group AG

3 questions for BP

Also covers: E, OMVKY, SHEL

Alejandro Lavin

Santander

2 questions for BP

Also covers: AMX

Alice Vilma

Morgan Stanley

2 questions for BP

Al Syme

Citi

2 questions for BP

Bertrand Hodee

Kepler Cheuvreux

2 questions for BP

Also covers: , E, OMVKY +2 more

Chris Copeland

Bank of America

2 questions for BP

Also covers: TS

Douglas George Blyth Leggate

Wolfe Research

2 questions for BP

Also covers: APA, COP, CTRA +18 more

Giacomo Romeo

Jefferies

2 questions for BP

Also covers: E, EQNR, SHEL +1 more

Jeff Nanna

TPH

2 questions for BP

Josh Stone

UBS

2 questions for BP

Also covers: SHEL

Mark Wilson

Jefferies

2 questions for BP

Also covers: FTI, KOS, SHEL

Matthew Lofting

JPMorgan

2 questions for BP

Also covers: E, EQNR, OMVKY +2 more

Maurizio Carulli

Quilter Cheviot

2 questions for BP

Michele Della Vigna

Goldman Sachs

2 questions for BP

Also covers: E, EQNR, OMVKY +2 more

Roger Read

Wells Fargo & Company

2 questions for BP

Also covers: APA, AR, CLMT +22 more

Ahmed Ben Salem

ODDO BHF

1 question for BP

Alastair Syme

Citigroup

1 question for BP

Also covers: COP, CVX, E +4 more

Joshua Eliot Stone

UBS

1 question for BP

Also covers: E, OMVKY, SHEL

Makeley

Goldman Sachs

1 question for BP

Makely

Goldman Sachs

1 question for BP

Martijn Rats

Morgan Stanley

1 question for BP

Also covers: E, EQNR, SHEL +1 more

Latest news

Recent press releases and 8-K filings for BP.

BP PLC Details December 2025 Share Buybacks, Q3 2025 Dividend, and Board Committee Change

Share Buyback

Dividends

Board Change

BP p.l.c. continued its share buyback program in December 2025, increasing its ordinary shares held in treasury from 838,644,900 on December 1, 2025 to 857,014,195 on December 17, 2025. The company intends to transfer these purchased shares into Treasury.
The company announced a third quarter 2025 interim dividend of US$0.0832 per ordinary share (or 6.2394 pence per share in sterling) to be paid on December 19, 2025.
Dave Hager was appointed as a member of the safety and sustainability committee effective December 10, 2025.

7 days ago

6-K

BP Agrees to Sell Majority Stake in Castrol to Stonepeak

M&A

Guidance Update

BP has reached an agreement to sell a 65% shareholding in Castrol to Stonepeak at an enterprise value of $10.1 billion.
The transaction is expected to result in total net proceeds of approximately $6.0 billion for BP, which will be fully utilized to reduce net debt.
This sale is part of BP's $20 billion divestment programme, bringing the total completed and announced divestment proceeds to around $11.0 billion.

Dec 29, 2025, 11:21 AM

6-K

BP Announces CEO Leadership Transition

CEO Change

Management Change

Board Change

Meg O’Neill has been appointed as the next Chief Executive Officer (CEO) of bp, with her tenure beginning on April 1, 2026.
Current CEO Murray Auchincloss will step down from his position and the Board of Directors effective December 18, 2025, and will serve in an advisory role until December 2026 to ensure a smooth transition.
Carol Howle, current executive vice president, supply, trading & shipping, will serve as interim CEO until Meg O’Neill assumes the role.
Meg O’Neill previously served as CEO of Woodside Energy, where she oversaw the acquisition of BHP Petroleum International, and spent 23 years at ExxonMobil.

Dec 17, 2025, 10:48 PM

6-K

BP PLC Announces Share Buyback Programme and November 2025 Repurchases

Share Buyback

BP p.l.c. initiated a share buyback programme on November 4, 2025, with a maximum allocation of approximately $750 million for repurchasing ordinary shares until February 6, 2026.
As part of this programme, BP p.l.c. repurchased a total of 21,328,274 ordinary shares between November 7 and November 28, 2025.
Following these transactions, as of November 28, 2025, the company held 837,150,897 ordinary shares in treasury, with 15,649,162,097 ordinary shares and 12,706,252 preference shares in issue (excluding treasury shares).

Dec 1, 2025, 2:21 PM

6-K

BP Reports Strong Q3 2025 Earnings and Operational Performance, Upgrades Production Guidance

Earnings

Guidance Update

New Projects/Investments

BP reported strong Q3 2025 results, with underlying pre-tax earnings of EUR 5.3 billion and underlying net income of EUR 2.2 billion, alongside EUR 7.8 billion in operating cash flow.
The company delivered strong operational performance, with upstream production increasing by approximately 3% quarter-on-quarter and upgraded full-year underlying production guidance for the full year. Upstream plant reliability and refining availability were both close to 97%.
BP is making good progress on its EUR 20 billion divestment proceeds target, with around EUR 5 billion in proceeds completed and announced this year, and organic CapEx is on track to be below EUR 14 billion.
Strategic progress includes starting six new oil and gas major projects in 2025 and making 12 exploration discoveries this year, notably Bumerangue in Brazil, which is considered the largest discovery in 25 years and provides the potential to grow long-term organic oil volumes.

Nov 4, 2025, 1:00 PM

Transcript

BP Reports Strong Q3 2025 Results and Strategic Progress

Earnings

Guidance Update

New Projects/Investments

BP reported strong Q3 2025 results with underlying pre-tax earnings of $5.3 billion and underlying net income of $2.2 billion, generating $7.8 billion in operating cash flow.
The company upgraded its full-year underlying production guidance and confirmed organic CapEx is on track to be below $14 billion. It is also making progress towards its $20 billion divestment proceeds target, with approximately $5 billion completed or announced this year.
Strategic progress includes starting six new oil and gas major projects in 2025 and making 12 exploration discoveries this year, notably Boomerang Bay in Brazil and three discoveries in Namibia.
BP is committed to materially reducing net debt, targeting $14-$18 billion by the end of 2027, which represents a $10 billion reduction from the current $26 billion.

Nov 4, 2025, 1:00 PM

Transcript

BP Reports Strong Q3 2025 Earnings and Operational Performance

Earnings

Guidance Update

New Projects/Investments

BP delivered strong Q3 2025 financial results, with $5.3 billion in underlying pre-tax earnings and $7.8 billion in operating cash flow.
The company upgraded its full-year underlying production guidance, supported by a 3% quarter-on-quarter increase in upstream production and 97% upstream plant reliability.
BP is making good progress on its $20 billion divestment proceeds target, with approximately $5 billion expected from completed and announced transactions this year. Strategic reviews for Castrol and Gelsenkirchen are moving at pace.
Exploration efforts have been highly successful, with 12 discoveries so far this year, including the significant Boomerang Bay in Brazil (featuring a 1,000-meter column of oil and rich gas condensate) and three discoveries in Namibia.
Organic capital expenditure is on track to be below $14 billion for the year, reflecting continued discipline in capital investment.

Nov 4, 2025, 1:00 PM

Transcript

BP p.l.c. Reports Q3 2025 Results

Earnings

Guidance Update

M&A

BP p.l.c. reported a profit attributable to shareholders of $1,161 million for the third quarter of 2025, with an underlying replacement cost (RC) profit of $2,210 million.
The company's operating cash flow was $7,786 million in Q3 2025, and it announced a dividend of 8.320 cents per ordinary share.
Net debt stood at $26,054 million at the end of Q3 2025, and capital expenditure for the quarter was $3,381 million.
Strategic progress included plans to sell its US onshore wind energy business and the announced sale of its Netherlands mobility & convenience and bp pulse businesses, both expected to complete by the end of 2025.
For the fourth quarter of 2025, BP expects reported upstream production to be broadly flat compared to Q3 2025, with seasonally lower volumes anticipated in its customers business.

Nov 4, 2025, 11:38 AM

6-K

BP Plc Reports Q3 2025 Financial Results and Strategic Progress

Earnings

Dividends

Share Buyback

BP Plc reported $1,161 million in profit attributable to shareholders for Q3 2025, a significant increase from $206 million in Q3 2024, with underlying replacement cost (RC) profit at $2,210 million.
Operating cash flow for Q3 2025 was $7,786 million, an increase from $6,761 million in Q3 2024, and net debt stood at $26,054 million as of September 30, 2025.
The company announced a dividend of 8.320 cents per ordinary share for Q3 2025 and intends to execute a $0.75 billion share buyback prior to reporting Q4 results.
BP Plc expects capital expenditure to be around $14.5 billion in 2025 and now anticipates divestment and other proceeds to be above $4 billion in 2025.
Strategic developments include the final investment decision on the Tiber-Guadalupe project in the Gulf of America and an agreement to divest non-controlling interests in Permian and Eagle Ford midstream assets for $1.5 billion.

Nov 4, 2025, 11:07 AM

6-K

BP Reports Q3 2025 Underlying Net Income of $2.2 Billion and Announces $750 Million Share Buyback

Earnings

Dividends

Share Buyback

BP reported $2.2 billion in underlying net income and $7.8 billion in operating cash flow for Q3 2025.
The company announced a dividend of $0.0832 per ordinary share and a $750 million share buyback for the third quarter.
Upstream production increased by approximately 3% quarter on quarter, supported by the start-up of six new major oil and gas projects in 2025, adding around 150,000 barrels of oil equivalent per day of peak net production capacity.
BP expects 2025 underlying production to be broadly flat with 2024 and confirmed full-year capital expenditure to remain around $14.5 billion.
Divestment proceeds completed or announced to date reached approximately $5 billion, with 2025 proceeds expected to be above $4 billion.