1050 GMT - BP delivered a solid quarterly performance that reflects how it can capture gains in prices through its operating businesses and in volatility through its trading arm, BNP Paribas analysts say in a research note. The U.K. energy major had another exceptional quarter in oil trading, and expects an uplift of about $2.5 billion from prices, according to BNP Paribas. This is helping BP reduce its net debt to between $22 billion and $23 billion, the analysts say. In a positive sign, the expected debt reduction comes despite working-capital inflows being lower than BNP Paribas had estimated, they add. This points to a reduction of between $6 billion and $7 billion in financial liabilities, BNP Paribas says. BP shares rise 2.3%.(adria.calatayud@wsj.com)

(END) Dow Jones Newswires

July 14, 2026 06:51 ET (10:51 GMT)

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