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BP CEO urges UK PM to keep oil and gas focus

BP's chief executive told UK Prime Minister Andy Burnham to prioritize domestic oil and gas production even as the company reduces North Sea operations.

·1 min read·2 outlets

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BP's chief executive urged UK Prime Minister Andy Burnham to prioritize domestic oil and gas production despite the company's planned exit from the North Sea. BP reported profits more than doubling amid global energy market shifts.

BP's chief executive Meg O'Neill told UK Prime Minister Andy Burnham to prioritize the UK's oil and gas resources.2 O'Neill stated that where BP generates jobs, it also generates tax revenue for the UK.2 BP reported profits more than doubling in its latest financial results.2

The company is reducing its presence in the North Sea, including planned exits from some operations.2 O'Neill described the company's approach as unsentimental in pruning its portfolio.2 Burnham has been in office for weeks and faces decisions on funding public spending commitments.1

“Where we generate jobs, we generate tax revenue.”
Meg O'Neill, BP chief executive2

Warum es zählt

  • The North Sea is a major oil and gas production region located between the UK, Norway, Denmark, Germany, the Netherlands, and Belgium.2

  • BP is a multinational oil and gas company headquartered in London, one of the world's largest energy firms.2

Dieser Text entstand aus den unten aufgeführten 2 Berichten von 2 unabhängigen Medien und wurde Zeile für Zeile mit ihnen abgeglichen. Er ist keine Kopie eines einzelnen davon. Fehler entdeckt? Sagen Sie es uns.

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2 reports from 2 outlets. The numbers in the article point here.

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