BP CAN $50
PLATTS wrote, BP can now balance the books in 2017 at "just south of $55/barrel" compared to its previous guidance of $60/barrel thanks to greater cost discipline, CEO Bob Dudley said at the Oil & Money conference in London on Tuesday.
"We can operate in the $50 range, we have to," he said, adding that the business needs to be resilient to price cycles, can adapt and is agile.
"In practical terms, this means standardizing what we do, make things safer, simpler, and cheaper," Dudley…
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