BP forecasts up to $5 billion impairments in Q4 for energy transition assets

Summary

BP expects to record impairments of $4-5 billion in Q4, primarily related to its gas and low carbon energy segment. Upstream production is projected to remain flat, while oil trading results are weak for the second consecutive quarter. BP's net debt is anticipated to decrease to $22-23 billion by the end of 2025, aided by $5.3 billion in asset sales.

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