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BP hunkers down for prolonged oil slump

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Published Wed, Feb 4, 2015 · 09:50 PM

Madrid

BP is hunkering down for a prolonged oil slump.

The UK oil and gas major is being more aggressive than many peers, but it also faces more problems than most. While Shell warned of "overreacting" to the price, BP chief executive Bob Dudley is planning for the low oil prices for the near and medium term.

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