BP p.l.c. BP

BP p.l.c. has just released its third‑quarter 2026 trading update, flagging higher-than-expected upstream production, much stronger refining margins averaging US$46.7 per barrel, and a planned cut in net debt to about US$13.5 billion–US$14.5 billion, alongside net impairments of up to US$4.5 billion in its gas and low‑carbon businesses. While the impairments highlight the cost of reshaping its gas and low‑carbon portfolio, the sharp reduction in net debt suggests BP is prioritising balance...

Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 1.3% and the S

The European stock markets closed mostly lower in Tuesday trading as investors await impending earni

European equities traded in the US as American depositary receipts were tracking marginally higher l

Energy stocks were edging higher premarket Tuesday, with the State Street Energy Select Sector SPDR

SLB, TTE, BP and SHEL are tapping NVIDIA's advanced computing to accelerate geological analysis, improve drilling decisions and boost operational efficiency.

BP (BP) expects Q3 net debt to be $13.5 billion to $14.5 billion, down from $22.3 billion at the end

Investing.com - London’s FTSE 100 index closed 0.1% lower on Tuesday, giving up its earlier gains following a wave of earnings releases from major financial institutions and broader international risk-off sentiment.

Investing.com-- BP on Tuesday said it expects net impairments of up to $4.5 billion in the third quarter on its gas and low-carbon units, although the company also flagged a sharp reduction in its net debt in the quarter and forecasted higher refining margins, sending its shares rising more than 1%.

BP expects billions in impairment charges despite stronger refining margins and a sharp reduction in debt.

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.

Attacks on a major Saudi airport and oil tankers in Hormuz revived supply fears and lifted oil prices. Exxon, Chevron and other oil majors are in buy areas.