Financial Data and Key Metrics Changes - Total underlying replacement cost profit for 2025 was $7.5 billion, with operating cash flow at $24.5 billion, including a $2.9 billion adjusted working capital build [3][4] - Capital expenditure was reduced by 10% compared to 2024, with organic CapEx at $13.6 billion [3][4] - Return on average capital employed increased to around 14% in 2025 from around 12% in 2024 [7] Business Line Data and Key Metrics Changes - In gas and low-carbon energy, the underlying result was $1.4 billion, down from $1.5 billion in the third quarter due to lower realizations [8] - Oil production operations reported an underlying result of $2 billion, down from $2.3 billion in the third quarter, impacted by lower realizations and production mix [8] - In customers, the underlying result was $900 million, down from $1.2 billion in the third quarter, reflecting seasonally lower volumes [9] Market Data and Key Metrics Changes - The reserves replacement ratio improved to 90%, up from an average of around 50% in the prior two years [4] - The company reported a fourth quarter IFRS loss of $3.4 billion, primarily due to impairment charges related to transition businesses [11] Company Strategy and Development Direction - The board decided to suspend share buybacks to prioritize strengthening the balance sheet, creating a more resilient platform for investment [4][15] - The company aims to high-grade its portfolio and has increased its structural cost reduction target to $5.5 billion-$6.5 billion by 2027 [6][15] - Plans for an appraisal program for the Bumerangue discovery, estimated to contain around 8 billion barrels of liquids, are set to start by the end of the year [5] Management Comments on Operating Environment and Future Outlook - Management acknowledged a weaker oil price environment but highlighted strong operational performance and capital discipline [3][15] - For 2026, reported upstream production is expected to be broadly flat, with underlying production slightly lower [13] - The company anticipates net debt to increase in the first half of 2026 before falling significantly in the second half [14] Other Important Information - The company completed over $11 billion in divestments, more than halfway towards its $20 billion disposal program [5] - Operating cash flow for the fourth quarter was $7.6 billion, with a cash conversion improvement of 6 percentage points [12] Q&A Session Summary Question: What are the expectations for production in 2026? - Management expects reported upstream production to be broadly flat, with underlying production slightly lower than in 2025 [13] Question: How is the company addressing its balance sheet? - The board has decided to suspend share buybacks and fully allocate excess cash to strengthen the balance sheet [4][15] Question: What is the outlook for capital expenditure? - Capital expenditure for 2026 is expected to be in the range of $13 billion-$13.5 billion, weighted to the first half [14]

4Q and FY 2025 financial results 2 Cautionary statement In order to utilize the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995 (the 'PSLRA') and the general doctrine of cautionary statements, bp is providing the following cautionary statement : The discussion in this presentation contains certain forecasts, projections and forward -looking statements - that is, statements related to future, not past events and circumstances - with respect to the financial cond ...

Shell needs an acquisition or exploration breakthrough to make up for an expected production shortage of 350,000-800,000 barrels of oil equivalent per day by 2035 due to maturing fields unable to meet... ...

SM Energy (SM) shares soared 5.3% in the last trading session to close at $20.04. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4% gain over the past four weeks.The surge can be attributed to SM Energy’s oil-focused operations in the prolific basins of the United States, including the Permian Basin, Uinta Basin and Eagle Ford regions. Its recent merger with Civitas Resources reinforces its position as a leading, independent oil ...

LEADING THE CLEAN ENERGY TRANSFORMATION 2025 Year-End Results & Outlook February 5, 2026 This presentation is made as of the date hereof and contains "forward-looking statements" as defined in Rule 3b-6 of the Securities Exchange Act of 1934, Rule 175 of the Securities Act of 1933, and relevant legal decisions. The forward-looking statements are subject to risks and uncertainties. All forward-looking statements should be considered in the context of the risk and other factors detailed from time to time in C ...

Core Insights - WEC Energy Group Inc reported a fourth-quarter profit that exceeded Wall Street estimates, attributed to an increase in residential and commercial sales as the utility sector continued to benefit from favorable market conditions [1] Financial Performance - The company's fourth-quarter profit surpassed analyst expectations, indicating strong financial performance [1] - The uptick in sales from both residential and commercial sectors contributed significantly to the profit increase [1]

Group 1 - Equinor has signed a five-year gas supply agreement with Eneco, an energy company based in the Netherlands, for deliveries to the Netherlands [1]

Costco Wholesale (NasdaqGS:COST) 2025 Update Summary Industry Overview - The call discusses the retail performance of Costco Wholesale for the month of January 2026, comparing it to the same period in 2025 [1] Key Financial Metrics - **Net Sales**: $21.33 billion, a 9.3% increase from $19.51 billion in January 2025 [2] - **Comparable Sales**: - U.S.: 5.8% - Canada: 11.4% - Other International: 9.5% - Total Company: 7.1% - Digitally Enabled: 34.4% [2] - **Comparable Sales Excluding Gas and FX**: - U.S.: 6.8% - Canada: 8.2% - Other International: 2.7% - Total Company: 6.4% - Digitally Enabled: 33.1% [3] - **Traffic Growth**: Up 2.4% worldwide and 2.2% in the U.S. [3] Impact of External Factors - Lunar and Chinese New Year shifts negatively impacted sales by approximately 4% for other international and 0.5% for total company sales [3] - Foreign currency fluctuations positively impacted sales: - Canada: +4.8% - Other International: +7.6% - Total Company: +1.7% [4] - Gas price deflation negatively impacted total reported comparable sales by approximately 100 basis points, with an average worldwide selling price per gallon down 9.6% year-over-year [4] Regional Performance - Strongest comparable sales in the U.S. were observed in the Midwest, Southeast, and Texas [4] - Best performing international markets included Australia, the United Kingdom, and Mexico [4] Merchandising Highlights - **Food and Sundries**: Positive mid-single digits - **Fresh Foods**: Up mid-single digits, with bakery and meat performing well - **Non-Foods**: Positive low double digits, with jewelry, tires, and majors as top performers - **Ancillary Business Sales**: Up low to mid-single digits, with pharmacy, food court, and hearing aids as top performers - **Gas Sales**: Down mid to high single digits due to price changes [5] Future Outlook - The next reporting period will cover February 2 to March 1, 2026, compared to February 3 to March 2, 2025 [5]

Vancouver, British Columbia--(Newsfile Corp. - February 4, 2026) - New Zealand Energy Corp. (TSXV: NZ) ("NZEC" or the "Company") is pleased to announce that it has closed its previously announced definitive funding agreement (the "Agreement") with Monumental Energy Corp. ("Monumental") (TSXV: MNRG), effective January 12, 2026, with respect to the area covered by NZEC's 50% interest in PML 38140 and PML 38141 (together, the "Licenses") located in onshore Taranaki, New Zealand. Pursuant to the Agreement, Mon ...

Equinor (NYSE:EQNR) Q4 2025 Earnings call February 04, 2026 05:30 AM ET Company ParticipantsAlastair Syme - Managing DirectorAnders Opedal - President and CEOBiraj Borkhataria - Head of European Energy ResearchBård Glad Pedersen - SVP of Investor RelationsChristopher Kuplent - Energy Equity ResearchHenri Patricot - Executive Directora and Equity ResearchJohn Olaisen - Head of ResearchMartijn Rats - Chief Commodity Strategist and Head of European Oil & Gas Equity ResearchPaul Redman - Strategy ConsultantTorg ...