BP expects Q2 net debt at USD 22-23 billion, down from Q1 - BP News | RalliesBP expects Q2 net debt at USD 22-23 billion, down from Q1
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BP• Q2 outlook for production, debt and refining
- BP flagged 2Q 2026 upstream production of 2,170-2,220 mboe/d, down 5%-7% from 2,339 mboe/d in 1Q.
- Net debt expected at USD 22-23 billion, down 9%-13% from USD 25.3 billion at end-1Q.
- Oil production & operations realizations seen adding USD 1.8-2.1 billion vs 1Q; exploration write-offs pegged at about USD 0.5 billion.
- Gas & low carbon energy realizations forecast to add USD 0.5-0.7 billion vs 1Q; gas marketing and trading result seen broadly flat.
- Refining throughput projected at 1,445-1,475 mb/d, down 3%-5% from 1,527 mb/d; realized refining margins seen adding USD 1.2-1.4 billion.
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