BP to Maintain Dividend in the Near Term, Analyst Gammel Says

The transcript discusses BP's strategic management decisions, focusing on their approach to gearing, investment in low carbon businesses, and maintaining dividends amidst financial challenges. It highlights the upcoming strategic update in September, the difficulty in selling assets, and the impact of workforce reductions. The conversation also touches on BP's efforts to transition towards low carbon energy and the associated risks and pressures on the company.

What is the expected break-even price per barrel for BP to cover its dividend?

• $35

• $25

• $55

• $45

What is the targeted range for BP's gearing ratio?

• 30% to 40%

• 40% to 50%

• 20% to 30%

• 10% to 20%

What is one of the main challenges BP faces in reducing its gearing ratio?

• Rising dividend payouts

• Expanding workforce

• Selling upstream assets

• Increasing oil prices

What percentage of workforce reduction is BP planning?

• 20%

• 15%

• 25%

• 10%

What significant change is BP expected to address in September?

• Expansion into new markets

• New management appointments

• Increase in oil production

• Energy transition