Wednesday, February 11, 2026 at 9:50 AM
The energy major havled its quarterly share buyback, citing an uncertain price environment.
The suspension of the quarterly buyback is part of BP’s bid to strengthen its balance sheet as oil prices weaken.
Adjusted earnings fell to $3.26 billion from $5.43 billion in the preceding quarter.
PG&E’s fourth-quarter net income fell from a year ago but the California power producer boosted the lower end of its projection for 2026 adjusted earnings.
SoftBank-backed ride-hailing firm Grab is hoping to begin its newly announced $500 million share buyback soon, and keep delivering returns to shareholders, the CFO said in an interview.
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