bp is committed to maintaining a resilient capital structure and preserving ‘A’ range credit metrics through the cycle. We are targeting net debt of $14–18 billion by end-2027, supported by:
Key actions include strategic reviews of Castrol and Lightsource bp, with proceeds dedicated to strengthening the balance sheet.
This disciplined approach underpins bp’s investment-grade credit profile and supports a credible path to deleveraging.
A chart showing the continued strengthening of the balance sheet
We are focused on managing our balance sheet to support our strong investment grade credit rating and maintain an active dialogue with three credit rating agencies – Fitch, Moody’s and S&P.
Long term credit rating | Fitch | Moody's | S&P |
---|---|---|---|
A+ | A1 | A- | |
Outlook | Stable | Stable | Stable |
Oliver Schuh
oliver.schuh@fitchratings.com
Roberto Pozzi
Roberto.Pozzi@moodys.com
Alexander Griaznov
alexander.griaznov@spglobal.com
Below is a summary of outstanding and publicly listed bonds issued by BP Capital Markets P.l.c., BP Capital Markets B.V., and BP Capital Markets America Inc.
Maturity profile