BP's Buyback Cut Is the Right Move But There Is More to Do -- Market Talk
Dow Jones
Feb 10
1001 GMT - BP's buyback cut is the right thing but there is still more to do, Barclays analyst Lydia Rainforth writes. The British energy major maintains its $14 billion to $18 billion net debt target by end of 2027. This is surprising given the group could be saving $6 billion by suspending the buyback for the next couple of years, she adds. BP says it will look at its whole debt, which includes leases, hybrids and Gulf of Mexico payments. This is the right approach but more detail is needed, she adds. Shares fall 5.3% to 452.35 pence. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
February 10, 2026 05:01 ET (10:01 GMT)
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