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BP expects Q1 net debt rises to USD 25-27 billion on working capital build

PUBT·04/14/2026 11:44:42
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BP expects Q1 net debt rises to USD 25-27 billion on working capital build
  • BP flagged heightened crude, gas, refined products volatility late in first-quarter 2026, citing Middle East disruption; Brent averaged USD 81.13/bbl versus USD 63.73/bbl in fourth-quarter 2025.
  • Upstream production seen broadly flat versus 2,344 mboe/d in fourth-quarter 2025, with gas and low-carbon energy slightly higher versus 788 mboe/d.
  • Oil production and operations expected slightly lower versus 1,555 mboe/d, with realizations impact guided at USD 0.1-0.2 billion versus prior quarter.
  • Net debt at quarter-end projected at USD 25-27 billion versus USD 22.2 billion, driven by working-capital build of USD 4-7 billion.
  • Underlying effective tax rate forecast around 35%; organic capital expenditure expected broadly flat versus USD 3.5 billion.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BP plc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001654954-26-003470), on April 14, 2026, and is solely responsible for the information contained therein.