BP Focuses on Cutting Debt and Freeing up Cash

Dow Jones

Jul 09

1213 GMT - BP CEO Meg O'Neill's first priority is to reduce lost cash flow spent on its liabilities, RBC Capital Markets analyst Biraj Borkhataria writes after attending an analyst meeting with her. The current macroeconomic environment is supportive of this and means the British energy company could meet its net debt target of $14 billion to $18 billion by end 2027 somewhere between the third and fourth quarter of this year, he writes. There is no "big splash" event expected this year where BP plans to set out new targets, he adds. Investor sentiment will be driven by net debt reductions and pruning of the portfolio, he adds. Shares fall 1.4% at 484.50 pence. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

July 09, 2026 08:13 ET (12:13 GMT)

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The current macroeconomic environment is supportive of this and means the British energy company could meet its net debt target of $14 billion to $18 billion by end 2027 somewhere between the third and fourth quarter of this year, he writes. There is no \"big splash\" event expected this year where BP plans to set out new targets, he adds. Investor sentiment will be driven by net debt reductions and pruning of the portfolio, he adds. Shares fall 1.4% at 484.50 pence. (adam.whittaker@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 09, 2026 08:13 ET (12:13 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BP Focuses on Cutting Debt and Freeing up Cash</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBP Focuses on Cutting Debt and Freeing up Cash\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-09 20:13</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1213 GMT - BP CEO Meg O'Neill's first priority is to reduce lost cash flow spent on its liabilities, RBC Capital Markets analyst Biraj Borkhataria writes after attending an analyst meeting with her. The current macroeconomic environment is supportive of this and means the British energy company could meet its net debt target of $14 billion to $18 billion by end 2027 somewhere between the third and fourth quarter of this year, he writes. There is no \"big splash\" event expected this year where BP plans to set out new targets, he adds. Investor sentiment will be driven by net debt reductions and pruning of the portfolio, he adds. Shares fall 1.4% at 484.50 pence. (adam.whittaker@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 09, 2026 08:13 ET (12:13 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0300736062.USD","symbol_name":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2650918921","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2650918921","pubTimestamp":1783599180,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1213 GMT - BP CEO Meg O'Neill's first priority is to reduce lost cash flow spent on its liabilities, RBC Capital Markets analyst Biraj Borkhataria writes after attending an analyst meeting with her. The current macroeconomic environment is supportive of this and means the British energy company could meet its net debt target of $14 billion to $18 billion by end 2027 somewhere between the third and fourth quarter of this year, he writes. There is no \"big splash\" event expected this year where BP plans to set out new targets, he adds. Investor sentiment will be driven by net debt reductions and pruning of the portfolio, he adds. Shares fall 1.4% at 484.50 pence.  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ADRhedged","LU1829250122.USD":"高盛欧洲核心股票组合Acc"},"translate_title":"英国石油公司专注于削减债务和释放现金","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BP":1.5,"BPH":0.6},"content_text":"1213 GMT - BP CEO Meg O'Neill's first priority is to reduce lost cash flow spent on its liabilities, RBC Capital Markets analyst Biraj Borkhataria writes after attending an analyst meeting with her. The current macroeconomic environment is supportive of this and means the British energy company could meet its net debt target of $14 billion to $18 billion by end 2027 somewhere between the third and fourth quarter of this year, he writes. There is no \"big splash\" event expected this year where BP plans to set out new targets, he adds. Investor sentiment will be driven by net debt reductions and pruning of the portfolio, he adds. Shares fall 1.4% at 484.50 pence. (adam.whittaker@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 09, 2026 08:13 ET (12:13 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}