0819 GMT - BP's quarterly earnings are relatively resilient amid the weak pricing environment, Hargreaves Lansdown's Derren Nathan writes. While net debt is down after a spike in the third quarter, it hasn't budged much year-on-year, he adds. Management is taking clear action to strengthen its balance sheet by scrapping the buyback and increasing structural cost-saving targets, he adds. BP's "leaner meaner approach could pave the way for more sustainable payouts to shareholders" but investors will want some assurance on its spending plans, Nathan says. Shares fall 3.2% to 426.60 pence.(adam.whittaker@wsj.com)
(END) Dow Jones Newswires
February 10, 2026 03:19 ET (08:19 GMT)
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