BP suspends stock buybacks to prioritize debt reduction
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 10 2026
0mins
Should l Buy BP?
Source: Benzinga
BP PLC shares are down 5.02% in pre-market trading, hitting a 5-day low.
The company has decided to suspend its stock buyback program to focus on reducing net debt, which is projected to be between $14 billion and $18 billion by the end of 2027. This strategic shift comes amid challenges in revenue growth, as BP's total revenue of $47.38 billion fell short of analyst expectations.
This decision reflects BP's commitment to financial stability and may impact investor sentiment as the company navigates through a cautious economic environment.
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Analyst Views on BP
Wall Street analysts forecast BP stock price to rise
11 Analyst Rating
5 Buy
5 Hold
1 Sell
Moderate Buy
Current: 37.560
Low
6.38
Averages
84.26
High
503.69
Current: 37.560
Low
6.38
Averages
84.26
High
503.69
About BP
BP p.l.c. is a United Kingdom-based integrated energy company. The Company's segments include Gas & low carbon energy, Oil production & operations, Customers & products, and Other businesses & corporate. Its gas business includes regions with upstream activities that produce natural gas, integrated gas and power, and gas trading. Its low carbon business includes solar, offshore and onshore wind, hydrogen and carbon capture and storage and power trading. Oil production & operations segment comprises regions with upstream activities that predominantly produce crude oil, including bpx energy. Customers & products segment comprises its customer-focused businesses, which include convenience and retail fuels, electric vehicle charging, as well as Castrol, aviation and business to business and midstream. It also includes its products businesses, refining and oil trading, as well as its bioenergy businesses. Other businesses & corporate segment comprises technology and bp ventures.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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