BP CEO: Geopolitical Uncertainty Poses Risk

The transcript covers BP's CEO discussing geopolitical uncertainties impacting oil stability, BP's purchase of BHP assets, and their focus on the Permian Basin. It includes projections for oil production, BP's investment strategy, and potential risks and market volatility. The CEO emphasizes maintaining discipline in investments and highlights the importance of technology and cost structures in oil production.

What is the expected break-even cost for oil production in the Permian according to the speaker?

What factors could lead to a volatile year in the oil market according to the speaker?