£1 out of every £6 that goes into UK pension funds comes from BP. The profits support pension funds which are not in good shape. If we did not do this the pension funds would be in much worse shape. |
After a thorough investigation, we have concluded that it was not storm-related, but was caused by a design weakness in the ballast system. |
are expected to be well supported into the winter. |
As a long-term business we should begin to look beyond that [hydrocarbons], beyond petroleum - to the energy needs of the world over the next half century. And that is what we are doing, starting today. |
BP's fourth quarter result was particularly hit by the continued production shutdown of our Texas City refinery during its refurbishment. |
BP's fourth quarter result was particularly hit by the continued shutdown of our Texas City refinery [and] during its refurbishment. |
Consistent with existing BP practice, we remain committed to returning excess free cash flow, including the net proceeds of this sale, to shareholders, |
However, underlying performance is strong, amplified by high but volatile prices of oil, gas and products. |
Obviously, we are doing a lot in Alaska, and depending on how you define the Arctic, we are doing a lot in Russia. |
Of course, what we are announcing today is not an instant, magical transformation of the energy market. It is a very realistic, practical step in a new direction. For the foreseeable future, for decades to come, the world will need hydrocarbons, and we will continue to invest in order to produce and sell oil and gas in the cleanest, most efficient way possible, |
Retirement is not a concept I have much time for. I will be very interested in making sure I continue to do business. |
The recent hurricanes in the U.S. have impacted our results. However, underlying performance is strong, amplified by high but volatile prices of oil, gas and products, ... We anticipate production from the deepwater Gulf of Mexico to be back to normal, with the exception of the Shell-operated Mars project, by the end of the year. |
The recent hurricanes in the US have impacted our results, |
We anticipate production from the deepwater Gulf of Mexico to be back to normal, with the exception of the Shell-operated Mars project, by the end of the year, |
We contribute £1 in every £6 that UK pension funds receive in dividends. If we didn't do that then pension funds would be in a worse state. |