BP (BP/ LN) Q3 trading statement (USD): Net debt 13.5-14.5bln (prev. 22.3bln Q/Q), upstream production 2.19-2.24mln boepd (prev. 2.201mln boepd Q/Q); expects post-tax impairments of 3.0-4.5bln, primarily in gas & low carbon energy
BP’s Q3 trading statement gave expected debt, production, refining, spending and market figures, flagged post-tax impairments, and scheduled an FY26 tax-guidance update with Q3 results.
News detail
Net debt expected at 13.5-14.5bln (prev. 22.3bln Q/Q). Upstream production expected at 2.19-2.24mln boepd (prev. 2.201mln boepd Q/Q), reflecting seasonal maintenance recovery partly offset by reduced equity interest in Latin America. Gas & low carbon energy production expected at 775-795k boepd (prev. 765k boepd Q/Q). Oil production & operations production expected at 1.415-1.445mln boepd (prev. 1.436mln boepd Q/Q). Refining throughput expected at 1.375-1.405mln bpd (prev. 1.467mln bpd Q/Q), reflecting completion of the Gelsenkirchen divestment. Capex expected at around 3.0bln (prev. 3.1bln Q/Q). Refining Indicator Margin averaged USD 46.7/bbl (prev. USD 29.6/bbl Q/Q). Brent averaged USD 96.99/bbl (prev. USD 103.85/bbl Q/Q); Henry Hub averaged USD 2.96/mmBtu (prev. USD 2.90/mmBtu Q/Q). FY26 underlying effective tax rate guidance of 35-40% to be updated with Q3 results on 30 October 2026.
Related stocks
1 stocksWhat do investors think?
StockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.
