Macro Finance
BP Debt Shrinks With Boost From Oil and Gas Trading, Refining
Bloomberg Markets·October 13, 2026·1 min read
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. The oil major's debt reduction comes as trading and refining margins strengthened, boosting cash flow ahead of schedule. BP did not disclose a specific debt figure in the statement.
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