BP expects USD 3.0 to 4.5 billion impairments as UBS keeps GBp 700.00 target for BP stock

Published on 10/15/2026 at 11:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BP's third-quarter guidance points to USD 13.5 to 14.5 billion net debt. BP stock costs EUR 7.28 on October 15, 2026 versus EUR 7.28 Xetra close.

Debt guidance and upcoming results

BP expects third-quarter impairments of USD 3.0 to 4.5 billion on October 13, 2026.
Net debt guidance for the third quarter stands at USD 13.5 to 14.5 billion.
BP stock trades at EUR 7.28 at 11:01 a.m. CEST at Lang & Schwarz on October 15, 2026, 0.03 percent above the Xetra close of October 14, 2026.

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BP expects post-tax impairments of USD 3.0 to 4.5 billion in its third-quarter results, while UBS kept a GBp 700.00 target for BP stock, according to the company's October 13, 2026 trading statement and FinanzNachrichten. BP stock was trading at EUR 7.28 at Lang & Schwarz on October 15, 2026 at 11:01 a.m. CEST, 0.03 percent above the Xetra close of October 14, 2026 at EUR 7.28.

Impairments reshape the quarter

BP's October 13, 2026 trading statement said the charges would mainly affect transition businesses in gas and low carbon energy and would be excluded from underlying replacement cost profit. The same update put third-quarter net debt at USD 13.5 to 14.5 billion, compared with USD 22.3 billion in the second quarter of 2026.

What does the debt range mean?

The comparison points to a USD 7.8 to 8.8 billion reduction from the second-quarter level, giving the balance sheet a clearer role in the upcoming results. BP also expects refining margins to add USD 1.9 to 2.1 billion in the customers and products segment, although the statement described the customers result as lower because of weaker fuels margins and higher Castrol base-oil prices.

Three dates changed the picture

On August 4, 2026, BP's second-quarter results set net debt at USD 22.3 billion for the comparison period, as noted in the BP statement. On September 30, 2026, BP redeemed USD 1.0 billion of hybrid securities. On October 13, 2026, BP published the third-quarter trading update with USD 3.0 to 4.5 billion of expected impairments.

Results and strategy dates

BP is scheduled to publish its third-quarter results on October 30, 2026, and to host a strategy and outlook update in New York City on December 15, 2026, according to BP. The October results will show whether stronger refining economics can offset the transition-related charges.

Stock holds the Xetra close

The euro quotation was almost unchanged against the dated Xetra reference, while the operating update supplied a defined set of figures for the next results. At Lang & Schwarz, BP stock was trading at EUR 7.28 on October 15, 2026 at 11:01 a.m. CEST, plus 0.03 percent versus the Xetra close of October 14, 2026 at EUR 7.28. The further course of trading is shown by the continuously updated real-time quote of BP stock.