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Stock impact report

BP sees “exceptional” trading in Q1; net debt rises to $25B - $27B [Seeking Alpha]

BP p.l.c. (BP) 
Last bp p.l.c. earnings: 4/29 04:01 pm Check Earnings Report
Company Research Source: Seeking Alpha
Rising geopolitical conflict in the region has jolted energy markets, with Brent and Fresh Stock Ideas, Every Day Quick Insights BP's oil trading division is set for an 'exceptional' Q1 performance, with earnings boosted by heightened volatility in energy markets due to ongoing Middle East tensions. Rising Brent and crude prices have increased BP's upstream reported earnings, affected the production mix, and led to higher cash costs and increased working capital. BP's upstream production is expected to remain broadly flat, with gas & low-carbon energy production slightly higher and oil production slightly lower; net debt is expected to rise to $25B-$27B mainly from increased working capital. Recommended For You More Trending News Show less Read more
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