London, Oct 13, 2026 (AFP) - BP slashes debt thanks to high oil prices

NAMPA / AFP
2026-10-13
British energy giant BP reported Tuesday that it had slashed its debt pile as the US-Iran war pushes up oil and gas prices. In a trading update ahead of its third-quarter earnings later this month, BP also announced higher refining margins but said it would take a sizeable write-down on its clean energy operations. The company, which before the start of the Middle East conflict began pivoting back to its core oil and gas business, added that it w......
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