2020-2030 BP: sound targets backed by a sizeable investment plan; DPS confirmed
The company has unveiled its new business plan, covering 2020-2030. The main highlights are: EBITDA, EBIT and net income CAGR of 7%, 9% and 8% respectively; debt/EBITDA to remain below 3.5x (maximum at 3.4x); gross capex of about EUR 12.7bn (net of grants and subsidies capex stands at ca. EUR 11.2bn), out of which roughly EUR 1.7bn for the installation of ca. 2.2GW of renewable capacity (solar 80% and wind 20%) and ....
