1000 GMT - BP reported a weak first-quarter trading update, which included an unhelpful increase in net debt, Barclays analysts write. BP's net debt is expected to have increased by $4 billion. The volatile trading environment means a stronger balance sheet would be preferable, they add. The analysts lower their replacement cost operating profit estimates by 8% to $4.9 billion and adjusted net income forecast by 18% to $1.7 billion. Shares trade down 1.7% at 335.65 pence.(adam.whittaker@wsj.com)
(END) Dow Jones Newswires
April 11, 2025 06:00 ET (10:00 GMT)
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