Dividend
BP today announced an interim dividend of 8.320 cents per ordinary share which is expected to be paid on 27 March 2026 to ordinary shareholders and American Depositary Share (ADS) holders on the register on 20 February 2026. The ex-dividend date will be 19 February 2026 for ordinary shareholders and 20 February 2026 for ADS holders.
Other Highlights
Strong underlying financial performance: 2025 underlying RC profit $7.5bn delivered against a weaker oil price environment. Operating cash flow $24.5bn, including $2.9bn adjusted working capital build.
• Strong operations and progress across upstream and downstream: Record full year upstream plant reliability 96.1%; 2025 underlying production held broadly flat vs. 2024; 7 major projects started up in 2025; reserves replacement ratio increased to 90%; record full year refining availability 96.3%; customers delivered its highest underlying earnings since 2019 with all businesses growing year on year.
• Progress on our strategic targets: Expected proceeds from completed and announced divestments now above $11bn; reached an agreement to sell a 65% shareholding in Castrol - resulting in expected net proceeds of approximately $6bn; closed the sale of Netherlands retail, US onshore wind, and non-controlling interests in US midstream assets; increased group structural cost reduction target to $5.5-6.5 billion by end 2027.
• Positioning the company for the long term: The board has decided to suspend the share buyback and fully allocate excess cash to accelerate strengthening of our balance sheet. This creates a strong platform to invest with discipline into our distinctive deep hopper of oil & gas opportunities.
