BP CFO Sees $70 Oil as 'Pretty Good Price' Right Now

The video discusses the BHP buyout, focusing on financial strategies, oil price sensitivity, and gearing. It outlines divestment plans and market confidence, highlighting investor feedback and transaction specifics. The performance of the refining unit and future expectations are also covered.

What financial strategy did the company choose for the BHP buyout?

• Taking a loan

• Using cash

• Merging with another company

• Issuing new shares

What is the company's break-even oil price target for the long term?

• $30 per barrel

• $40 per barrel

• $50 per barrel

• $60 per barrel

What is the company's target for divestment proceeds this year?

• $3 billion

• $4 billion

• $1 billion

• $2 billion

How does the company plan to manage the divestment of BHP assets?

• Sell to a single buyer

• Break into parcels for multiple buyers

• Lease the assets

• Hold the assets indefinitely

What is the expected timeline for the divestment of BHP assets?

• 1 year

• 10 years

• 2-3 years

• 5 years

What was a significant factor in the refining unit's strong performance?

• High oil prices

• Cheap Canadian oil

• New technology

• Increased production

What is the company's projected free cash flow from downstream operations by 2021?

• $12 billion

• $9-10 billion

• $7 billion

• $5 billion