Saturday, December 21, 2024

BP Sees Markets, Finances in Balance by 2017

BP: Cost Cutting and Asset Disposal Continue, CapEx down 63% Year over Year In BP’s (ticker: BP) 3Q earnings call, CFO Brian Gilvary saw progress towards market rebalancing, echoing CEO Bob Dudley’s comments earlier this month at the World Energy Conference. “The physical market appears to have moved broadly into balance with daily oil production broadly in line with consumption.