1150 GMT - BP doesn't appear to have shareholder interests at heart, the Australasian Centre for Corporate Responsibility's Nick Mazan writes. ACCR is an activist investor which is calling for BP to demonstrate that higher spending on oil-and-gas production will deliver value for shareholders. "Axing the share buyback programme could be a sign that BP doesn't have confidence in this weaker market or its operating assets," Mazan says. The ACCR is critical of BP's capital allocation across its upstream unit. BP's upstream business has been the source of 75% of disposal losses and impairments since 2020, the ACCR says, citing its own analysis. BP's shares fall 4.2% to 457.6 pence. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
February 10, 2026 06:50 ET (11:50 GMT)
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