27 October 2020 - trading update

Yesterday we suggested that our trading buy recommendation on oil major BP remained in place ahead of today's third quarter results.  These have come in a little better than analysts' expectations and despite the weakness seen in the overall market, the shares have bounced a little on the news.  The company has maintained its quarterly dividend at the newly reset level of 5.25US cents.  Net debt at the group is expected to fall in the last quarter of the year as proceeds from divestments are received.  Although the oil price has . . .

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