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BP's profits rise sharply amid expectations of decreasing oil debt
Shell expects to achieve strong financial results in the second quarter of the year, with an increase of between $1.8 billion and $2.1 billion in oil trading profits, and refining margins remaining at record levels of $29.60 per barrel. The company also plans to significantly reduce its debt, having repaid $2.9 billion of its obligations, and aims to bring net debt down to between $14 billion and $18 billion by the end of next year, while strengthening its financial position amid rising global oil prices and ongoing market volatility.
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