Sectors News Results

  • BP Signals Recovery for Oil Industry in Wake of Pandemic

    LONDON-- Oil giant BP PLC (BP) said it had a solid start to the year, aided by higher energy prices and strong results from its trading division, giving the first indication that major oil companies are on the road to recovery after pandemic-induced losses across the industry last year. The company said Tuesday it was on track to lower net debt to $35 billion in the first quarter, a level it has said could trigger share buybacks. BP previously said it expected to reach the target between the...

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