BP CEO Says Gas Is Essential in Climate Change Fight

The transcript covers a discussion on the dynamics of the oil market, including price fluctuations and geopolitical risks. It explores BP's strategies in response to climate change, emphasizing the transition to renewable energy. The conversation also touches on the transition of leadership to Bernard Looney and BP's approach to emissions accountability. The role of gas in the future energy landscape is highlighted, along with challenges in investor relations and market trends.

What was the price of oil when the speaker took over?

• $100 a barrel

• $58 a barrel

• $70 a barrel

• $83 a barrel

What is BP's approach towards the climate debate and renewable energy?

• Ignoring climate debates

• Only investing in nuclear energy

• Focusing solely on oil and gas

• Investing in wind, solar, and biofuels

What is BP's stance on setting targets for emissions?

• They have set targets only for lubricants

• They have set clear targets

• They refuse to set any targets

• They are considering it but haven't set targets yet

How does BP view the role of gas in the future energy transition?

• Gas is essential for the transition

• Gas is not needed

• Gas should be replaced by coal

• Gas is only a temporary solution

What is the anticipated range for the price of Brent oil according to the speaker?

• $60 to $65

• $70 to $75

• $50 to $55

• $80 to $85

What is the speaker's view on the current state of ESG investing?

• ESG investing is clear and straightforward

• ESG investing is confusing and needs sorting out

• ESG investing is irrelevant

• ESG investing is only about environmental factors

What is the speaker's advice to Aramco regarding their IPO?

• Focus only on US investors

• Target different capital markets

• Avoid going public

• Target the same markets as European companies