BP intends to execute $0.75B share buyback prior to Q4 results

The company said, “bp (BP) is committed to maintaining a strong balance sheet and maintaining ‘A’ grade credit range through the cycle. We have a target of $14-18B of net debt by the end of 2027. Our policy is to maintain a resilient dividend. Subject to board approval, we expect an increase in the dividend per ordinary share of at least 4% per year. For the third quarter, bp has announced a dividend per ordinary share of 8.320 cents. Share buybacks are a mechanism to return excess cash. When added to the resilient dividend, we expect total shareholder distributions of 30-40% of operating cash flow, over time. Related to the third quarter results, bp intends to execute a $0.75B share buyback prior to reporting the fourth quarter results. The $0.75B share buyback programme announced with the second quarter results was completed on 31 October 2025. bp will continue to invest with discipline, driven by value and focused on delivering returns. We continue to expect capital expenditure to be around $14.5B in 2025. The capital frame of around $13-15B or 2026 and 2027 remains unchanged.”