BP scraps £550m shareholder payout in scramble to cut debts
Yahoo Finance·2026-02-10 17:05
BP had expected the oil price to be around 69 - Andy BUCHANAN / POOL / AFP BP has pledged to “do better” after cancelling a $750m (£549m) shareholder payout as it scrambles to cut debts. The FTSE 100 giant, which helps fund the pensions of millions of Britons through dividends, scrapped its share buyback programme on Tuesday after battening down the hatches following turbulence at the group. It will seek to cut billions more in costs in 2026 ...