BP achieves its 2027 net debt target ahead of schedule, thanks to oil and gas trading and refining business

According to Golden Ten Data APP, BP (BP.US) stated in a press release on Tuesday that, following strong profits in energy trading and refining businesses in the third quarter, the company’s net debt has reached its 2027 target ahead of schedule. BP noted that by the end of the third quarter, net debt was approximately $13.5 billion to $14.5 billion, below the company’s target range of $14 billion to $18 billion set for the end of 2027. The company said the results were boosted by robust performance in oil and natural gas trading as well as refining operations.