UK major BP plans to take a new direction this year as it drives further improvements in performance, it said February 11. Its operating cash flow last year was $27.3bn and its upstream production was up 2.0% on 2023.
CEO Murray Auchincloss said last year saw the company lay the foundations for growth. Now, building on the actions taken in the last 12 months, it plans to “fundamentally reset” its strategy to expand its cash flow and returns. Its new strategy will be unveiled at its Capital Markets Update on 26 February.
URL: www.bp.com
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