1359 GMT - BP has delivered what looks like the fundamental reset investors have been waiting for, HSBC's Kim Fustier writes. Most of BP's numbers are in line with HSBC's forecasts, but guidance on buybacks is a little lower than expected and BP's net debt target, even after $20 billion of disposal proceeds, is higher than the bank had expected. It is good that BP's total capex guidance is lower than expected, Fustier adds. Shares trade down 1.5% at 430.70 pence.(adam.whittaker@wsj.com)
(END) Dow Jones Newswires
February 26, 2025 09:00 ET (14:00 GMT)
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