Part of the problem is that BP’s fate is not entirely in its own hands. The company is not only at the mercy of an oil price that is going in the wrong direction, but also reliant on the sale of assets that some in the City think BP has overestimated the value of.With borrowings “broadly flat”, in BP’s words, during the last financial quarter, and down by just $1bn in the six months since his bold commitment was unveiled, its debt position continues to be “a large concern”, Ashley Kelty, a Panmure Liberum a ...