BP expects its third-quarter net debt to fall to $13.5-14.5 billion from $22.3 billion in Q2, beating its year-end target early. Higher commodity prices and strong refining margins helped reduce liabilities by about $9-10 billion this quarter. Production guidance was slightly raised, while BP flagged $3-4.5 billion impairments mainly in gas and low carbon energy. Analysts see the debt cut as positive but remain cautious about BP's cost base. A strategy update is scheduled for December 15 in New York.
BP's net debt is expected to fall sharply to $13.5-14.5 billion in Q3 from $22.3 billion in Q2, marking a significant reduction. For readers following energy-sector stocks, here is Pluang's market snapshot as of Oct 13, 2026 19:41 WIB: out of 62 priced US energy stocks, 42 rose and 17 fell. Notable movers include PBR at USD 25.23 with 81% sell orders, XOM at USD 173.40 with 59% buy orders, and RIG at USD 5.64 with 100% buy orders.
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