19 Hrs
Source:
الاقتصادية
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BP debts drop as trading profits rise
BP announced that its net debt has reached its target for 2027, ranging between $13.5 billion and $14.5 billion by the end of the third quarter, compared to the projected range of $14 billion to $18 billion by the end of next year. This achievement was driven by higher oil prices, which led to exceptional profits from energy trading and refining. The increase in prices, fueled by international conflicts such as the Iran war and tensions in Ukraine, contributed to boosting the company's profits, as it benefited from market disruptions and price fluctuations. The company is scheduled to announce its third-quarter results on October 30 and hold a strategic meeting on December 15.
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