MARKETS

BP reaches net debt target early

BP has announced it expects to reach its US$35 billion net debt target earlier than expected, during the first quarter of 2021 as it continues its restructuring process, saying it is looking to return excess cash to shareholders.

Plans to return surplus cash to shareholders

Plans to return surplus cash to shareholders

Company chief Bernard Looney said the result was thanks to the delivery of disposable proceeds combined with very strong business performance during the first quarter. BP received around $4.7 billion...

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