BP CEO says deferred stake sale in US offshore assets in the Paleogene
BP•BP executive remarks on assets, divestments and outlook
Aug. 4 (Reuters) - BP PLC BP.L:
- BP CEO says it's prudent for us to not label ourselves as a super major
- BP CEO says there's too much cash going to liability holders
- BP CFO says driving cost base down is not moving fast enough to deliver outcome all the way to bottom line
- BP CEO says we are spread thin, we have too many assets in our portfolio
- BP CEO says appraisal campaign for Bumerangue to start late this year or early next year
- BP CEO says not expecting any major project to hit final investment decision this year
- BP CEO says other companies have expressed interest in buying Archaea
- BP CEO says total shareholder return is main metric to assess whether BP has become more valuable
- BP CEO says have been getting buyer interest in our North Sea assets
- BP CFO says crude and oil products volatility has been wicked, gas market has been more benign in last two quarters
- BP CFO says expect more volatility in European and international gas given where storage levels are
- BP CEO says $40 billion of total liabilities is still too much
- BP CEO says higher 2026 capex guidance linked to delaying selling stakes in US offshore assets in Paleogene
- BP CFO says shape of balance sheet more important to me than $20 billion divestment programme tally
- BP CFO says never held $20 billion divestment goal as key target, by end of this year should be at $15 billion to $16 billion
