BP Deputy CEO Says Permian M&A 'Looks Highly Priced'

The video discusses BP's strategic decisions post-Permian Basin sale, focusing on global shale and tight oil opportunities, market dynamics, and mergers and acquisitions. It highlights BP's financial strategies, including cash flow management and investment plans. The video also covers BP's relations with OPEC and Rosneft, emphasizing their strategic importance despite limited operational control.

What strategy is the company using to compensate for not having assets in the Permian Basin?

• Focusing solely on gas production

• Using similar technologies in other regions

• Acquiring new assets in the Permian

• Investing in renewable energy

Why is the company hesitant to invest in the Permian Basin despite its potential?

• Insufficient workforce

• Environmental concerns

• Lack of available technology

• High prices in the Permian

What is the company's financial goal by 2021?

• Target a 35 to $40 break-even

• Reduce operational costs by 50%

• Generate $100 million in revenue

• Achieve a $50 break-even point

How does the company benefit from its 20% stake in Rosneft?

• Direct influence on OPEC decisions

• Exclusive rights to Russian oil

• Operational control over Rosneft

• Access to a large hydrocarbon province

What impact do OPEC production cuts have on the company's operations?

• Higher operational costs

• Increase in production fees

• No impact on operations

• Lower fees due to reduced production