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

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.

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

• Increasing production

• Ensuring sufficient investment

• Reducing workforce

• Expanding into new markets

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

• $50

• $55

• $60

• $65

How much is the company's annual dividend obligation?

• $7 billion

• $5 billion

• $10 billion

• $12 billion

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

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

• Significant consolidation

• Decline in private equity involvement

• Rapid expansion

• Stagnation