BP expects to hit $35 billion net debt target in first quarter

Credit: Reuters file photo.

BP expects to reach its $35 billion net debt target in the first quarter of 2021, the energy group said on Tuesday, following earlier-than-expected proceeds from disposals and a "very strong" quarter.

BP said it expects sale proceeds in 2021 to be at the top end of its existing $4 billion to $6 billion range.