BP (BP.US) Reaches 2027 Net Debt Target Ahead of Schedule, Helped by Oil and Gas Trading and Refining Businesses

Zhito Finance APP has learned that BP (BP.US) stated in a statement on Tuesday that after reaping substantial profits from energy trading and refining operations in the third quarter, the company's net debt has reached its 2027 target ahead of schedule. BP said that net debt at the end of the third quarter was approximately $13.5 billion to $14.5 billion, below the company's target range of $14 billion to $18 billion set for the end of 2027. The company said performance was boosted by strong performance in oil and gas trading as well as refining operations.