Stocks CNBC 2h ago

Oil major BP suspends buybacks in fresh sign of oil price pressure

Market Intelligence Analysis

AI-Powered
Why This Matters

BP has suspended its share buybacks due to pressure from low oil prices, indicating a cautious approach by the company in the current market conditions.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

BP on Tuesday posted fourth-quarter profit in line with expectations, after crude prices dipped below $60 a barrel for the first time in nearly five years.

Continue Reading
Full article on CNBC
Read Full Article

Related Articles

Stocks 1h ago

BP to halt stock buybacks as profit slumps

BP has decided to halt its stock buyback program due to a slump in profits, …
Stocks 3h ago

'Despicable and reprehensible': China lashes out at UK expansion of visa scheme …

China has expressed strong disapproval towards the UK's expansion of its visa scheme, following the …
Stocks 5h ago

Taiwan rebuffs U.S. push to absorb 40% of its chip supply chain

Taiwan has rejected a U.S. proposal to relocate 40% of its semiconductor supply chain, citing …
Stocks 1h ago

Treasury yields lower as markets brace for retail sales data

Treasury yields decreased ahead of the release of December retail sales data, indicating a cautious …
Stocks 1h ago

Gucci-owner Kering jumps 13% as new CEO maps revival, sales beats estimates

Kering, the parent company of Gucci, saw a 13% jump in stock price after announcing …
Stocks 1h ago

European markets poised for mixed open as earnings hold spotlight

European markets are expected to have a mixed opening on Tuesday, with earnings taking center …
Original article published by CNBC on February 10, 2026.
Analysis and insights provided by AnalystMarkets AI.