bp has a clear, consistent and disciplined financial framework and maintaining a strong investment grade credit rating remains our second priority within this financial frame, after a resilient dividend.
At current market conditions and subject to maintaining a strong investment grade credit rating, bp plans share buybacks of at least $14 billion through 2025 as part of our commitment, on a point forward basis, to returning at least 80% of surplus cash flow to shareholders.
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
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.
As part of actively managing its debt portfolio, the group bought back of $1.7 billion equivalent of finance debt in 2023 and $7.4 billion in 2022.
bp reports another quarter of strong earnings driven by high reliability and strategic delivery in its latest results
Find useful information about bp dividends and learn how to manage your shareholding online
Register for our newsletter to receive regular investor news updates and notification of upcoming investor events