BP net derivative assets top $1.5 billion
Hedging instruments fair values rise while oil prices surge
BP posted $1.5 billion in net derivative assets for the first three months of 2018, almost tripling the amount reported at the end of 2017.
The oil giant had combined current and non-current derivative assets and liabilities of $7.8 billion and $6.3 billion, respectively, as of March 2018. Total derivative assets increased in value by $675 million, or 9.5%, on the previous quarter, whereas
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