BAKU, Azerbaijan, October 30. bp’s latest financial results for the third quarter of 2024 show a slight decrease in total assets, primarily driven by a reduction in property, plant, and equipment values, Trend reports.
bp’s total assets decreased to $269.71 billion as of September 30, 2024, reflecting a 3.8% decline from $280.29 billion at the end of 2023.
Non-current assets totaled $176.03 billion, showing a minor drop of 0.1% from $176.15 billion at year-end 2023. The value of property, plant, and equipment fell to $99.56 billion, down 4.9% from $104.72 billion at the end of 2023.
Investments in associates increased by 1.5% to $7.93 billion from $7.81 billion at the end of 2023, while other investments dropped significantly by 38.8% to $1.34 billion from $2.19 billion.
Current assets totaled $93.68 billion, down 10.1% from $104.15 billion at the end of 2023. Cash and cash equivalents stood at $34.60 billion, a decrease of 4.6% from $33.03 billion on December 31, 2023. Inventories dropped slightly to $21.49 billion, down 6.1% from $22.82 billion.
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