BP expects to hit $35 billion net debt target in first quarter


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© Reuters. FILE PHOTO: BP signage is seen at a service station near Brighton, Britain

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(Reuters) – BP (LON:) expects to reach its $35 billion net debt target in the first quarter of 2021, the energy group said on Tuesday, following earlier-than-expected proceeds from disposals and a “very strong” quarter.

BP said it expects sale proceeds in 2021 to be at the top end of its existing $4 billion to $6 billion range.

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