BP expects third-quarter refining margins to triple year over year, reaching its debt target early

BP expects its third-quarter refining marker margin to triple year over year, with net debt falling to $13.5 billion–$14.4 billion, reaching its target about a year ahead of schedule. The refining marker margin is expected to be $46.70 per barrel, up from $29.60 in the previous quarter and $15.80 a year earlier. The company also expects to record impairment charges of $3 billion–$4.5 billion in its gas and low-carbon energy business.