0912 GMT - It looks inevitable that BP will pause its share buyback given the downbeat macroeconomic environment, RBC Capital Markets analysts write. The British oil major has already cut its run rate early last year to $750 million a quarter from $1.75 billion. A change in management offers an opportunity to prudently pause the program and repair the balance sheet, they add. The need to pause is more pronounced now that BP has divested some of its key cash flow generating asset, Castrol, they say. BP should have paused its buyback rather than divesting the stake because Castrol's type of business improves its earnings quality, they say. BP's shares rise 2% to 444 pounds. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
January 06, 2026 04:12 ET (09:12 GMT)
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