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Does BP Have Weaker Financials than Its Peers?

Maitali Ramkumar
Does BP Have Weaker Financials than Its Peers?

BP’s (BP) has the highest percentage of debt in its capital structure. In the first quarter, BP’s total debt-to-capital ratio stood at 43%, the highest among its peers. ExxonMobil (XOM) and Chevron (CVX) had lower ratios of 17% and 18%, respectively.