BP (BP.) has announced its fourth quarter and full-year 2025 results with the headline news that it has decided to suspend the share buyback to accelerate the pay down of debt. That process is being driven by the sale of non-core assets, notably Castrol and the green rubbish that previous management backed. The market has responded by marking the shares down to around 450p, but that still compares well to our below 350p tip last year and the following is why we agree with the company’s move and believe there is further upside.
on Tom Winnifrith & Steve Moore | Comments