US$12.3 TRILLION out of thin air…
And if you click here we’ll show you something that could be key to unlocking 5G’s full potential.
Positively, all this cash has allowed BP to dramatically reduce its debt pile. This fell from $38.9bn in December to $33.3bn by the end of March, beating its $35bn target around one year ahead of schedule. Again, this is a dramatic improvement on the $51.4bn at the end of Q1 2020.
According to CEO, Bernard Looney, today’s numbers show that BP is “
performing while transforming“. As far as the latter is concerned, the company has been progressing its renewables strategy. This has included building an offshore wind business, buying a stake in Digital Charging Solutions (which produces charging software) and rolling out its new EV charging hubs. Last month, it also announced plans for a blue hydrogen production facility in Teeside.
PRESS RELEASE: BP p l c Group results - First quarter 2021
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BP p l c Group results - First quarter 2021
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