BP released its strategy update: Getting back to growth - Looking to be free cash flow neutral at $40/bbl in 2021. Production growth at 5% a year until 2021. $14bn of free cash flow in E&P by 2021 with oil at $55/bbl. $9-10bn of free cash flow will come from the downstream division. Capital spending stable at $15-17bn until 2021.
01 Mar 2017
Strategy update: upward revision, but in the very long term
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Strategy update: upward revision, but in the very long term
BP p.l.c. (BP:LON) | 526 3.7 0.1% | Mkt Cap: 88,488m
- Published:
01 Mar 2017 -
Author:
Alexandre Andlauer -
Pages:
2
BP released its strategy update: Getting back to growth - Looking to be free cash flow neutral at $40/bbl in 2021. Production growth at 5% a year until 2021. $14bn of free cash flow in E&P by 2021 with oil at $55/bbl. $9-10bn of free cash flow will come from the downstream division. Capital spending stable at $15-17bn until 2021.