BP will present to investors its strategy and plans to the end of the decade and beyond for its Upstream oil and gas business.
The day-long presentation, led by BP's Upstream chief executive Lamar McKay, will provide an in-depth and detailed account of how BP is managing its Upstream business and its distinctive strategy for the long term. The presentation will also review the macro-environment and the context of recent developments in oil prices.
McKay and senior members of his upstream management team will share further insights into the depth and quality of the Group's resource base and investment portfolio, which underpin BP's long-term value proposition through the changes in the price environment.
"Although the current environment is challenging, BP is well-positioned to respond and manage our Upstream business for the long term," said Lamar McKay. "We expect to see growth from our conventional and deepwater assets and an increasing contribution from gas. And we also have a quality pipeline of opportunities that we believe are capable of extending underlying growth well beyond 2020. Our focus throughout will remain firmly on safe operations, execution efficiency and greater plant reliability."