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.
The short version
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.”
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