The Oil Major BP PLC yesterday announced its Q3 results.
The giant is transforming itself into a new Green energy company.
The numbers make interesting reading
Total debt stands at £31,971 Million.
Underlying replacement cost profit was $3.3 billion, compared with $2.8 billion for the previous quarter. This result was driven by higher oil and gas realizations, higher refining availability and throughput enabling the capture of a stronger environment and a stronger gas marketing and trading result. Meaning higher prices in gas.
In low carbon, confidence in bp’s 2025 target of 20GW developed renewables.
BP’s current forecasts, at around $60 per barrel Brent