BP

BP shares in euros are trading at the highest level in ten years, and on the London Stock Exchange are only a few pence shy of the year high. BP expects net debt at the quarter end to be $13.5–14.5 billion, down from $22.3 billion at the end of June and already close to its end-2027 target. Refinery margins rose in the third quarter to an average of $46.70 per barrel, which should contribute an additional $1.9–2.1 billion to earnings, and the gas business also improved. At the same time, BP anticipates impairment charges of $3.0–4.5 billion and weaker results in its customer-facing business; the full quarterly report will be released on October 30. » Mais em deraktionaer.de

BP posted record profits thanks to high oil and gas prices and reduced net debt to $13.5–14.5 billion by the end of September much faster than expected. Adjusted half‑year profit rose to $9 billion, the share surged and market value has climbed sharply since the start of the year. At the same time, BP said it will present a new corporate strategy in New York in mid‑December, while reporting further write‑downs on earlier green investments of up to $4.5 billion; cumulative write‑downs since the end of 2023 are likely to exceed $21 billion. » Mais em faz.net

BP expects net debt of $13.5–$14.5 billion at the end of September, well below $22.3 billion in the second quarter. Higher oil prices and strong earnings from energy trading and refining have accelerated the debt reduction and brought forward the target, which had originally been planned for the end of 2027. The news supported the stock, and BP announced a strategy update for December 15. » Mais em finanzen.net