BP p.l.c. (BP) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone and thank you for your interest in BP's fourth quarter 2025 results. I'm here with Kate Thompson, Chief Financial Officer. This video presents our full year and fourth quarter financial results. And later this afternoon in London, we will have our live presentation to discuss our full year performance and strategic progress in more detail. In this video, we will make forward-looking statements that refer to our estimates, plans and expectations. Actual results and outcomes could differ materially due to factors we note on this slide and in our UK and SEC filings. Please refer to our annual report, stock exchange announcement and SEC filings for more details. These documents are available on our website. Over to you, Kate. Thank you, Craig, and hello, everyone. 2025 has been a year of strong progress in delivery of the plan we set out 12 months ago to turn our company around and deliver against a reset strategy. I want to start first with safety, our number one priority. Tragically, in 2025, four colleagues lost their lives while working in our US retail business. Two were killed in separate incidents where they were struck by passing vehicles as they carried out emergency roadside assistance. In response, we have permanently stopped providing roadside assistance next to active traffic lanes. Our thoughts remain with the families of those who lost their lives, and we will learn from every incident. On process safety, we continue to make progress in reducing events, which Carol will talk to later today. We recognise we are never done on safety and our commitment is unwavering. Looking at highlights for the year, we have delivered strong operational performance and underlying financial results this year against a backdrop of a weaker oil price environment...