British oil giant blood pressure Fourth-quarter profit was in line with expectations on Tuesday, shortly after crude oil prices rose. Dropped below $60 per barrel This is the first time in nearly five years.

The London-listed energy company reported underlying replacement cost profit, used as a proxy for net profit, of $1.54 billion in the final three months of 2025. That was in line with analysts’ expectations of $1.54 billion, according to a consensus compiled by LSEG.

BP’s full-year net profit for 2025 was US$7.49 billion, lower than analysts’ expectations of US$7.58 billion. This is down from nearly $9 billion in 2024.

The results come at a difficult time for the European oil and gas industry.

Oil prices hit record high Maximum annual loss Since the Covid-19 pandemic hit last year, partly due to concerns about oversupply, Increase the pressure On Big Oil’s commitment to shareholder returns.

BP’s industry competitors Statoil and shell Both companies reported weak quarterly earnings last week, citing factors including lower crude oil prices.

Statoil Announce It will reduce share buybacks this year to $1.5 billion from $5 billion last year, while also cutting investments in renewable and low-emission energy projects.

As far as Shell is concerned, Repurchases hold steady at $3.5 billionThe move marks the company’s 17th consecutive quarter of buybacks of $3 billion or more.

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