BP CFO: Up to 20% Can Be Shaved Off Capital Expenditures This Year

The video discusses BP's strategies to manage financial volatility amid fluctuating oil prices and market conditions. It covers the company's dividend policy, capital program adjustments, and liquidity management. The impact of COVID-19 and OPEC's decisions on the oil market is analyzed. BP's approach to refining business challenges and its commitment to energy transition and portfolio diversification are also highlighted.

What is the company's strategy to manage dividend volatility?

• Progressive dividend policy

• Reduce oil production

• Increase capital expenditure

• Increase oil prices

How does the company plan to handle the current market volatility?

• By increasing dividend payouts

• By increasing oil production

• By reducing capital expenditure by up to 20%

• By acquiring more assets

What was the market's assumption regarding OPEC's role during the COVID-19 crisis?

• OPEC would increase oil production

• OPEC would dissolve

• OPEC would stabilize the markets

• OPEC would decrease oil prices

What is the company's liquidity position at the end of four Q?

• $10 billion

• $20 billion

• $30 billion

• $40 billion

What is the company's plan regarding its announced major asset divestments?

• Increase the number of divestments

• Cancel all divestments

• Complete them by the middle of next year

• Delay them indefinitely

How does the company view the current market conditions in relation to its energy transition strategy?

• As a reason to abandon its strategy

• As irrelevant to its strategy

• As a reinforcement of its strategy

• As a setback to its strategy

What is the company's stance on issuing script dividends?

• It has been permanently discontinued

• It remains an option but is unlikely to be used

• It is likely to be issued soon

• It is not an option