Group 1 - U.S. retail sales in December remained flat month-over-month, falling short of expectations [1] - Major U.S. stock indices opened higher, with the Nasdaq up 0.14%, S&P 500 up 0.16%, and Dow Jones up 0.29% [1] Group 2 - TSMC's stock rose by 2.5%, with January sales increasing by 36.8% year-over-year to NT$401.26 billion, marking a new high [1] - Ferrari's stock surged over 8% after Q4 net profit exceeded expectations, benefiting from optimized product mix and increased demand for custom models [1] - AstraZeneca's stock increased by 3.3%, with product sales growing by 9% to over $55.5 billion last year, and the company expects to maintain growth this year [1] - BP's stock fell over 5% after the company announced the cancellation of a $750 million shareholder return plan to focus on debt reduction [1]

Group 1 - The core viewpoint of the article is that BP has no intention of selling any stake in BPX [1] Group 2 - The upstream business head of BP made the statement regarding the stake in BPX [1]

Financial Data and Key Metrics Changes - The company generated an underlying replacement cost profit of $7.5 billion in 2025, supported by strong operational performance despite a weaker price environment [11] - Adjusted free cash flow increased by approximately 55% in 2025 on a price-adjusted basis, reaching around $13 billion [14] - Net debt decreased to $22.2 billion, which is $800 million lower than at the end of 2024 [8] - Return on average capital employed rose to around 14% in 2025 from 12% in 2024 [8][15] - Operating cash flow for the year was $24.5 billion, including an adjusted working capital build of $2.9 billion [11] Business Line Data and Key Metrics Changes - Upstream production was lower than in 2024 due to portfolio changes, but underlying production remained broadly flat, exceeding annual guidance [5] - The company started up 7 major projects in 2025, contributing to a reserves replacement ratio of 90%, up from an average of around 50% in the previous two years [5][30] - The downstream segment delivered its highest underlying earnings since 2019, with all businesses growing year-on-year [36] Market Data and Key Metrics Changes - Operational emissions in 2025 were 37% lower than in 2019, exceeding the target reduction of 20% [5][28] - The supply, trading, and shipping business provided an average uplift of around 4% to BP's returns over the past six years [6] Company Strategy and Development Direction - The company is focused on accelerating delivery and positioning itself for future opportunities, emphasizing the importance of disciplined capital allocation and portfolio simplification [4][38] - A strategic review of Castrol concluded with a decision to sell a 65% shareholding, allowing the company to realize value while retaining future growth potential [6] - The company aims to strengthen its balance sheet, targeting net debt in the range of $14 billion to $18 billion by the end of 2027 [21] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the need for a turnaround in 2025, indicating that while progress has been made, there is still more to do [3][4] - The leadership team expressed confidence in the company's potential for significant growth and shareholder value, supported by a strong resource base and operational capabilities [4][30] - The company plans to bring 3 more major projects online by the end of 2027, with additional projects sanctioned for future development [9] Other Important Information - The company has completed over $11 billion of its $20 billion divestment program within a year [6] - The board decided to suspend share buybacks to fully allocate excess cash to the balance sheet, aiming to optimize financial costs and improve free cash flow [9][25] Q&A Session Summary Question: What does the reduction in finance costs mean by 2027? - Management emphasized the importance of strengthening the balance sheet to drive higher free cash flow and improve financial obligations [41][43] Question: Is the decision to keep dividend growth a signal of confidence? - Management confirmed that maintaining a progressive dividend is a priority, indicating confidence in long-term growth despite the suspension of buybacks [45][47] Question: Why was the buyback suspended? - The decision was based on strong financial discipline and the need to strengthen the balance sheet to support future growth opportunities [49][51] Question: What are the priorities for remaining divestments? - The company is evaluating its portfolio for the best returns, considering both upstream and downstream assets for potential divestment [75][78]

BP (NYSE:BP) Q4 2025 Earnings call February 10, 2026 08:00 AM ET Company ParticipantsAlastair Syme - Global Head of Energy Research and Managing DirectorCarol Howle - Interim CEOCraig Marshall - SVP of Investor RelationsDoug Leggate - Managing Director and Head of US Oil and GasGordon Birrell - EVP of Production and OperationsKate Thomson - CFOKim Fustier - Head of European Oil & Gas ResearchConference Call ParticipantsAlejandro Vigil - Equity Research AnalystBiraj Borkhataria - Equity Research AnalystChris ...

BP (NYSE:BP) Q4 2025 Earnings call February 10, 2026 08:00 AM ET Speaker3Good afternoon and good morning, everyone, and thank you for your interest in BP's full-year 2025 results. I'm delighted to welcome our guests in the room and those on the webcast. I'm joined today by Carol Howle, Interim Chief Executive Officer; Kate Thomson, Chief Financial Officer; and Gordon Birrell, Executive Vice President, Production and Operations. Before I hand over to Carol, let me draw your attention to our cautionary statem ...

BP's previous buyback was $750 million, reduced from $1.75 billion in April last year. - arnd wiegmann/Reuters BP suspended its share-buyback program and said it would reduce spending this year, part of a broader plan by the British energy giant to overhaul its business. The London-based company is in the early stages of a turnaround aimed at bringing the business back to its oil-and-gas roots after an ill-timed move into renewables that left it the least profitable of the major oil companies. Most Rea ...

BP (NYSE: BP) is suspending share buybacks and retiring the goal to return 30-40% of operating cash flow to shareholders, as the supermajor looks to strengthen its balance sheet amid intense shareholder pressure. BP reported on Tuesday fourth-quarter earnings generally in line with expectations, but the market expected more to see other metrics, such as debt and guidance. The supermajor’s underlying replacement cost (RC) profit, the metric closest to net profit, came in at $1.54 billion for the fourth ...

分组1 - BP reported Q4 revenue of $47.38 billion, a 3.6% year-over-year increase, exceeding estimates by $5.05 billion [2] - BP's Q4 Non-GAAP EPADS was $0.60, in line with expectations [2] - For 2026, BP anticipates reported upstream production to be slightly lower and underlying upstream production to remain broadly flat compared to 2025 [2] - BP has decided to suspend share buybacks and allocate excess cash to strengthen its balance sheet, aiming to invest in oil and gas opportunities [2] 分组2 - The Trump administration plans to provide tariff carve-outs for companies like Amazon, Google, and Microsoft, linked to investment commitments from TSMC [2] - TSMC has pledged to invest $165 billion in building capacity in the U.S. as part of this tariff exemption plan [2] - The administration's plans are still in flux and have not yet been finalized [2] 分组3 - Instacart has partnered with 1-800-Flowers.com, allowing U.S. customers to order flowers directly through the Instacart app [2] - This partnership aims to expand Instacart's offerings in time for Valentine's Day, a significant gifting holiday [2] - Instacart reported a 1.47% increase in shares, while 1-800-Flowers.com saw a 0.25% rise [2]

④【谷歌母公司Alphabet拟发行百年债券】2月10日，据媒体援引知情人士透露，谷歌母公司Alphabet已启动其首次瑞士法郎债券发行。此次发行包含3 年、6年、10年、15年和25年期债券，预计将在今日晚些时候定价。同时，谷歌母公司Alphabet也启动首次英镑债券发行。此次交易分为3年、6年、15 年、32年和100年期债券，预计将在今日晚些时候定价。 ⑤【1月销售额同比飙升36.8％，台积电涨超3%】当地时间2月10日，台积电官网显示，1月销售额达到4012.6亿元台币，同比增长36.8％，较2025年12月 环比增长19.8%，超过台积电预期的全年30%增长水平。截至发稿，台积电上涨3.09%。 ⑥【暂停股票回购，英国石油公司跌近5%】2月10日，英国石油公司Q4财报显示，基准重置成本利润（作为净利润的替代指标）为15.4亿美元，与分析师 预期15.4亿美元一致。英国石油公司2025年全年净利润为74.9亿美元，低于分析师预期的75.8亿美元，较2024年的近90亿美元有所下滑。英国石油公司同 时表示，决定暂停股票回购，旨在通过调整财务状况来应对油价下跌带来的影响。截至发稿，英国石油公司下跌4.9% ...

The move comes ahead of new CEO arrival. ...