BP CEO Looney on Shareholder Returns, Gas Trading, Oil Prices

The transcript discusses the company's strong quarterly performance, highlighting a 3% increase in oil and gas production and a 9% cost reduction. It details the company's buyback strategy, aiming to return 60% of surplus cash to shareholders, and addresses valuation gaps with peers. The market outlook for oil and gas is positive, with resilient demand expected to continue. The company plans significant growth in biofuels and biogas production by 2025. Additionally, the transcript covers China's industrial demand and the company's renewable energy strategy, including a recent German offshore bid.

What are the company's plans for biofuels production by 2025?

What challenges does the company foresee regarding gas demand in Europe?

What is the company's strategy regarding green electricity in Germany?