In 2025, BP recorded a net profit of 1.3 billion dollars (1.1 billion euros), an increase of 5.3% compared to 2024, the oil company announced in a statement sent to the London Stock Exchange.
Pre-tax profit rose 14% to €6.5 billion, while total revenue fell 1% to €162 billion.
EBITDA stood at 31.7 billion euros, representing a reduction of 1% year-on-year.
Last year, BP’s acquisitions reached 93.1 billion euros and production expenses were 21.6 billion euros.
Net debt ended 2025 at 18.7 billion euros, a decrease of 3.5% compared to 2024.
The board decided to suspend the share buyback program and channel all excess cash into strengthening the balance sheet, with a view to creating a more solid foundation for investing in oil and gas opportunities.
Carol Howle, CEO of BP, commented that the company has advanced in the four main objectives it defined, that is, by “increasing cash flow and profitability, reducing costs and strengthening the overall balance sheet”.
He added that there is still, however, “work to be done and we are clear about the urgency of accomplishing it”.
It should be remembered that Carol Howle will leave her position as administrator of the oil company next April, and will then be replaced by Mega O’Neill in these roles.
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