BP CFO Gilvary on Geopolitical Risks, Transition to Renewable Energy, Earnings

The video discusses market volatility, financial strategies to reduce gearing, asset sales, and US oil production. It also covers leadership changes at BP and their climate strategy, including emissions reduction and electric charging initiatives.

What was one of the main drivers for the strong results in the downstream business?

• Successful trading strategies

• New market expansions

• Increased oil prices

• Reduced operational costs

What is the company's target gearing level?

• 30%

• 25%

• 35%

• 40%

What is the expected impact of the $10 billion disposal program?

• Increase in net debt

• Stabilization of oil prices

• Reduction in net debt

• Expansion of US onshore assets

What challenge is associated with the US onshore asset sales?

• Limited buyer interest

• High natural gas prices

• Regulatory hurdles

• Suppressed natural gas prices

What has been a significant change in US oil production over the years?

• Stability in production

• Decrease in production

• Shift to renewable energy

• Increase to 30 million barrels

What is one of the key focuses of BP's new CEO regarding climate change?

• Increasing oil production

• Reducing emissions

• Expanding fossil fuel investments

• Halting all oil operations

What initiative has BP taken to support the transition to electric vehicles?

• Partnering with car manufacturers

• Reducing oil prices

• Investing in electric charging infrastructure

• Building new oil refineries