BP PLC reported fourth-quarter earnings that matched expectations on Tuesday and announced a suspension of its share repurchase program, aiming to adjust its financial position in response to declining oil prices.

The London-listed energy giant reported underlying replacement cost profit, used as a substitute for net profit, of $1.54 billion for the final three months of 2025. This figure aligned with the average analyst forecast of $1.54 billion from an LSEG survey.

BP's full-year 2025 net profit reached $7.49 billion, slightly below the analyst consensus of $7.58 billion. This result also fell short of the nearly $9 billion profit recorded in the 2024 fiscal year.

BP stated that its board decided to pause the share buyback plan and will direct all excess cash toward "accelerating the strengthening" of its balance sheet.

"2025 was a year of strong financial performance, excellent operational delivery, and significant strategic progress for the company," interim CEO Carol Hall said in a statement.

"We have made progress against our four key priorities—growing cash flow and returns, reducing costs, and strengthening our balance sheet—but we are also conscious that there is more to do, and we are clear on the urgency to deliver," she added.