Description
BP: AI at the Wellhead, Capital at the Core—The New Playbook for Sustainable Energy Returns!
BP has presented its full-year 2025 results, showcasing both progress and ongoing challenges. Interim CEO Carol Howle and CFO Katherine Thomson highlighted a period of strategic redirection and emphasized the company’s focus on improving operational performance and addressing past underperformance. BP reported strong operational reliability across its upstream sector, with plant reliability and refinery availability exceeding 96%. Although reported upstream production was lower due to portfolio changes, underlying production remained stable, meeting the annual guidance targets. Significant progress was made in reducing operational emissions, achieving a 37% reduction from 2019 levels, surpassing the 20% target. Methane intensity was also substantially reduced to 0.04%. BP’s adjusted operating cash flow increased by 55% on a price-adjusted basis, with adjusted free cash flow also seeing a significant rise. Return on average capital employed increased to 14% from 12% in 2024. Net debt decreased to $22.2 billion, a reduction of $800 million from 2024.
