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What BP’s hybrid bond sale means for shareholders

Any claims of a reduction in gearing should be taken with a pinch of salt
What BP’s hybrid bond sale means for shareholders

When BP (BP.) recently told the market it will soon book up to $17.5bn (£14.1bn) in non-cash impairments, investor reaction centred on the growing likelihood of dividend cuts and stranded assets.

IC TIP: Sell at 324p

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