BP – Feedback on results and strategic update: striking shift on the planned reduction in oil & gas production. Neutral ESG opinion confirmed
>Key announcements: growing investments, growing value, growing distributions - BP unveiled yesterday its 2022 results, together with a strategic update. On the pure financial front, 2022 was an extremely satisfactory year. BP generated EBITDA of $ 61bn and CFFO of $ 41bn, including a c.$ 7bn increase in working capital, and reported an underlying replacement cost profit of $ 28bn (vs $ 26.3bn in 2008, for example, or $ 12.8bn in 2021). The company also repeated tha...
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