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Jan 14, 2026 8:00 AM

BP Warns Of $4–$5 Billion Impairment Charges In Q4, Low-Carbon Earnings

BP p.l.c. (NYSE:BP) stock is trading lower premarket on Wednesday after the company posted a trading update ahead of its fourth-quarter 2025 results scheduled for February 10, 2026.

BP expects fourth-quarter upstream production to be largely unchanged from the previous quarter, with stable output in oil production and operations offset by lower volumes in gas and low-carbon energy.

In the gas and low-carbon segment, the company projects price realizations to reduce results by approximately $0.1 billion to $0.3 billion quarter over quarter, reflecting shifts in non-Henry Hub natural gas benchmarks. Meanwhile, gas marketing and trading performance is expected to be in line with average levels.

In the oil production and operations segment, quarter-over-quarter price realizations are expected to reduce results by approximately $0.2 ...