We are aligned around our conviction in bp’s potential to grow significant long-term shareholder value and we are in action to simplify and strengthen the company.
aAround 55% on a price adjusted basis
bIn 2Q 2026 bp reduced certain financial obligations (the total of net debt, hybrid bonds and securities, leases, and Gulf of America settlement liabilities) from $60.5 to 53.6bn and expects these to reduce to around $39 to 41 billion by the end of 2026. This would mean delivering the $14-18 bn net debt target ahead of plan.
cThe original target of $4-5 billion, set in February 2025, has been increased to reflect the further lowering of underlying operating expenditure supported by the completion of the sale of the Gelsenkirchen refinery and the expected completion of the transaction to sell a 65% shareholding in Castrol.
dAround 14.9% on a price adjusted basis
