0924 GMT - BP's free cash flow should rise in the coming months if it can sell $5 billion of assets, research director at XTB Kathleen Brooks writes. The oil giant's free cash flow dropped in the first quarter, partly because BP removed assets 'held for sale' from its free cash flow statement and because of annual bonus payments, Brooks writes. However, as the world tilts back to hydrocarbons it is not clear if the low-carbon assets will be sellable, she writes. Meanwhile, the company is selling its assets to boost its cash position--including undertaking a strategic review of its Castrol business--while paying bonuses despite trailing its peers, she adds. Shares trade down 4.1% at 347.25 pence. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
April 29, 2025 05:24 ET (09:24 GMT)
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