BP Will 'Stay Disciplined' Regardless of Oil Price, CEO Says

The video discusses the importance of staying disciplined in financial strategies, regardless of market conditions. It outlines a spending strategy with a focus on meeting return thresholds and highlights plans for share buybacks and dividend increases. The company aims to maintain discipline in capital allocation, ensuring surplus cash benefits shareholders.

What is the primary focus of the company's strategy according to the speaker?

• Maintaining discipline

• Reducing operational costs

• Expanding market share

• Increasing oil prices

Under what condition will the company spend at the upper end of their budget range?

• If oil prices increase

• If competitors increase spending

• If they can meet return thresholds

• If market demand rises

What is the company's plan for dividend growth?

• Decrease by 1% per annum

• Increase by 4% per annum

• Maintain current levels

• Increase by 2% per annum

How much of the company's share capital has been bought back in the last two years?

• 20%

• 15%

• 11%

• 5%

Where will surplus cash be allocated according to the speaker?

• To employee bonuses

• To marketing campaigns

• To the balance sheet and shareholders

• To new investments