GLOBAL MARKETS: BP and Sydney's second airport
04 May 2017 - 10:10
BP debt keeps rising BP Plc’s net debt rose again in the first quarter, reaching the highest level in at least a decade as the rebound in oil prices failed to cover spending and dividends. The continuing rise in borrowing shows how the London-based company is struggling to cover its commitments, which still include billions of dollars in payments related to the 2010 Gulf of Mexico oil spill, despite an increase in crude prices of more than 50% from a year earlier. Bloomberg
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