BP CEO Dudley: Priority Is to 'Get Back Growing'

BP CEO Dudley: Priority Is to 'Get Back Growing'

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Business, Social Studies

University

Hard

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The transcript discusses BP's strategic focus on growth and investment, highlighting new projects and deals. It emphasizes the importance of maintaining investment to stabilize oil prices and avoid recession. Key milestones, such as agreements with the US government, are noted as inflection points. The company aims to cover dividends with a target oil price of $55 per barrel, addressing shareholder priorities. Future deals will be driven by economic factors, with a focus on long-term portfolio building. The potential for industry consolidation, particularly in the US, is also explored.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the company's main focus to prevent oil price spikes?

Increasing production

Ensuring sufficient investment

Reducing workforce

Expanding into new markets

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the target oil price per barrel for the company to cover its dividend in 2017?

$50

$55

$60

$65

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much is the company's annual dividend obligation?

$7 billion

$5 billion

$10 billion

$12 billion

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the company's strategy for future deals?

Focus on large-scale acquisitions

Prioritize bolt-on acquisitions

Avoid any new deals

Invest heavily in new markets

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected trend in the oil sector according to the company?

Significant consolidation

Decline in private equity involvement

Rapid expansion

Stagnation