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BP to invest $2.5 bln in BPX unit this year-CEO

ReutersApr 29, 2025 1:09 PM

- BP PLC BP.L:

  • BP CEO SAYS PLANNING TO INVEST $2.5 BILLION IN BPX THIS YEAR

  • BP SAYS FALLING INTEREST RATES IN EUROPE HELP DRIVE INTEREST IN OUR DIVESTMENT PROGRAMME

  • BP CEO SAYS WE ARE NOW ABOVE OUR PLANNING BASIS FOR REFINING MARGINS AFTER Q1 MIDWEST OVERSUPPLY OF GASOLINE, ROTTERDAM OVERSUPPLY OF DIESEL

  • BP CEO SAYS OPTION TO CUT CAPEX BY FURTHER $2.5 BILLION IF OIL, GAS PRICES STAY LOW WOULD HIT GROWTH, SO WE ARE NOT DOING THAT NOW

  • BP CEO SAYS MAJORITY OF BPX GAS PRODUCTION IS HEDGED AT $4/MMBTU

  • BP CEO SAYS HE DOES NOT EXPECT KASKIDA PLATFORM TO BE HIT BY IMPORT TARIFFS WHEN IMPORTED INTO UNITED STATES

  • BP CEO SAYS WE HAVE NOT SEEN MATERIAL IMPACT ON BUSINESS FROM TARIFFS

  • BP CEO SAYS OF OIL AND LIQUIDS TRADING: HEADLINE-DRIVEN EVENTS MAKE TRADING HARD

  • BP CEO SAYS VENTURE GLOBAL LNG STARTED FLOWING IN MID-APRIL AND BP HAS 2 MTPA CAPACITY

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