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BP Debt Shrinks With Boost From Oil and Gas Trading, Refining

Bloomberg Markets Tuesday 13 October 2026, 06:16 UTC By Mitchell Ferman 1 min read
Key Points

BP Debt Shrinks With Boost From Oil and Gas Trading, Refining BP Plc said net debt has already reached the company’s 2027 target after surging prices drove windfall profits from energy trading and refining in the third quarter. Net debt was around $13.5 billion to $14.5 billion at the end of the period, compared with the $14 billion to $18 billion range targeted for the end of next year. Earnings were boosted by a strong performance in oil and gas trading and its oil processing business, BP...

BP Debt Shrinks With Boost From Oil and Gas Trading, Refining BP Plc said net debt has already reached the company’s 2027 target after surging prices drove windfall profits from energy trading and refining in the third quarter. Net debt was around $13.5 billion to $14.5 billion at the end of the period, compared with the $14 billion to $18 billion range targeted for the end of next year. Earnings were boosted by a strong performance in oil and gas trading and its oil processing business, BP said Tuesday in a statement.
Refining BP Debt Shrinks With Boost From Oil and Gas Trading (ORG) Refining BP Plc (ORG) BP (ORG)
Originally published by Bloomberg Markets Read original →

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