Cheap Money Gives BP CEO Dudley Scope to Pile on a Bit More Debt

  • Net debt has increased to $30.9 billion, highest in four years
  • CEO comfortable with debt gearing, which is highest since 2002

BP Profit Tumbles on Prices, Weak Refining Margins

Interest rates are so low that BP Plc has the scope to boost net debt, which is already the highest in four years as the company borrows to pay dividends.

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