BP sees Q3 net debt at USD 13.5 billion-14.5 billion

• BP guided 3Q 2026 net debt at USD 13.5-14.5 billion, down from USD 22.3 billion in 2Q.
• Upstream production expected at 2,190-2,240 mboe/d versus 2,201 mboe/d, reflecting maintenance recovery, lower Latin America interest.
• Gas and low carbon energy realizations seen adding USD 0.1-0.3 billion versus 2Q; gas marketing and trading significantly higher.
• Customers and products outlook points to weaker customer result; products to benefit from USD 1.9-2.1 billion stronger realized refining margins.
• Underlying effective tax rate forecast around 30%; post-tax impairments expected at USD 3-4.5 billion, mainly in transition businesses.

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