BP CEO: Permian Shale Oil Assets Too Expensive Right Now

The video discusses BP's focus on natural gas and shale oil, particularly in Egypt and the Permian Basin. It highlights BP's divestiture plans to meet obligations in the Gulf of Mexico, aiming to divest $5 billion in assets. The discussion also covers the impact of increased drilling activity on oil prices, noting a balance in supply and demand. The video concludes with insights into demand growth in China, Europe, and North America, suggesting a potential tightening of oil markets.

What type of energy production is BP currently focusing on in Egypt?

• Natural Gas

• Hydroelectric

• Coal

• Nuclear

Where is BP considering shale oil production, and what is a concern for them?

• North Sea; Environmental Regulations

• Siberia; Harsh Climate

• Middle East; Political Instability

• Permian Basin; High Prices

How much does BP aim to divest in assets this year?

• $1 billion

• $3 billion

• $5 billion

• $10 billion

What is the expected impact of increased drilling activity in the US on oil prices?

• Prices will decrease significantly

• Prices will stabilize

• Prices will become more volatile

• Prices will increase sharply

Which regions are contributing to the demand growth of over a million barrels a day?

• Africa, South America, and Australia

• Southeast Asia, Japan, and Canada

• Middle East, India, and Russia

• China, Europe, and North America