I think that debt being out of control is our biggest problem, as someone has already mentioned. However, it is not clear to me exactly how long this situation can last and in what way will BP solve its debt problems? Any toughts?
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Well this aged quickly lol
Buy some 40 billion dollar company and go into debt further. It’s been done before.
borrow more to help repay the debt
I tink you need to have income greater than expenditure but that’s just a wild guess.
Debt is a major issue but low margin upstream assets is a worse problem because we lack the cash flow to reduce debt or attract investors to the stock.. We need to shed a lot of trash and try to rebuild our portfolio with competitive assets.