BP has reported fourth-quarter profits of £1.12 billion and overall “underlying replacement cost profits” of £5.47 billion for 2025, just over £1 billion less than in 2024.
A spokesperson for the End Fuel Poverty Coalition, commented:
“Despite city watchers saying that BP’s profits have fallen, the reality is that the firm is still generating billions of profit every year. This is just another reminder that energy giants continue to make billions while households face a fifth winter of hardship.
“These corporate windfalls do not occur by accident, they reflect a system where profits flow out to shareholders as millions live in cold, damp homes. Ministers must ensure the energy system is on the side of consumers, not the companies that have generated more than £125bn in UK profits since 2020.”
Tessa Khan, Executive Director of Uplift added:
“These results – on the back of Shell and Equinor’s profits last week – are a stark reminder why we as a country urgently need to move away from volatile oil and gas by developing more homegrown renewable energy that would shield households from global price shocks and create stable, long-term jobs.
“BP is moving away from renewables just at a time when the costs of climate change are becoming clear to everyone – whether that’s people struggling with flooded homes and rising food prices, or farmers and businesses losing income from extreme weather.
“BP is also turning its back on the UK’s energy workers who, as the North Sea basin declines, need secure energy jobs that have a future. This is a company that puts its profits above all else.