Thursday, February 5, 2026 at 10:07 AM
Shell reported a drop in adjusted earnings to $3.26 billion, below expectations, while announcing a new $3.5 billion share buyback and a 4% increase in dividends.
The suspension of the quarterly buyback is part of BP’s bid to strengthen its balance sheet as oil prices weaken.
SoftBank-backed ride-hailing firm Grab is hoping to begin its newly announced $500 million share buyback soon, and keep delivering returns to shareholders, the CFO said in an interview.
A shareholder resolution filed by U.K. and European pension funds, along with activist investor Australasian Centre for Corporate Responsibility, said the reset strategy and renewed focus on oil and gas doesn’t address the root cause of BP’s underperformance.
The lender reported a 15% rise in net profit for the last quarter of 2025 and approved a €5 billion share-buyback program.
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