BP: Focus on debt reduction after profit slump in fiscal year 2025!
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BP reports a decline in profit to USD 7.5 billion for the fiscal year 2025. In response to this result, the company, under the leadership of interim CEO Carol Howle, is halting share buybacks and focusing on debt reduction. This is intended to clean up the balance sheet for the future CEO Meg O’Neill, who will take over in April 2026. This tough strategic decision is a direct response to market conditions characterized by weak oil prices and massive write-downs. Carol Howle commented on the realignment: "We are taking decisive action to enhance...
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