Do your homework kids.3 Jun 2020 09:03
LONDON -- BP PLC on Tuesday laid out plans to drive its break-even oil price down to $35 to $40 a barrel by 2021, asserting that it can grow again and keep a lid on spending despite a massive bill from its Gulf of Mexico disaster six years ago.
In a strategic update that detailed the company's plans for the next five years, the British oil giant said it expects to increase production by an average of 5% a year from 2016 to 2021 without expanding its capital budget above its current $17 billion ceiling.
I got a golden star for this.