BP 2Q Earnings Beat Estimates as Debt Continues to Climb

BP is facing financial challenges due to ongoing Macondo payments, which differentiate it from other European oil majors. Despite generating some cash, BP's net debt has increased significantly, raising concerns about its financial stability. The Macondo oil spill continues to impact BP's financials, with net debt rising from $30 billion to almost $40 billion. Investors are keen to see improvements in cash flow and debt management to align BP's capital structure with industry standards.

What are the implications of BP's Macondo payments on their financial performance?

What is the significance of the 30% limit set by BP's management on net gearing?

How has BP's net debt changed over the past year?

What factors could lead to a stronger cash flow for BP in the second half of the year?

What concerns do investors have regarding BP's capital structure?