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BP goes on US$3b spending spree

CEO says worst is over as Europe's No 3 oil company seals a string of deals and targets growth next year
Wednesday, December 21, 2016 - 05:50

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Mr Dudley plans to start seven or eight major projects for BP next year as crude prices recover from their worst collapse in a generation.

London

BP PLC is piling up assets with more than US$3 billion of deals in three days, as chief executive officer Bob Dudley sees the company emerging from the doldrums after a two-year price slump.

Since Saturday, BP has announced a US$2.2 billion expansion of output in Abu Dhabi

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