BP CEO Bob Dudley ‘very comfortable’ with oil prices

Business


BP Chief Executive Bob Dudley said Monday that he was “very comfortable” with oil prices at their current levels.

“I think it got over $70, I think $72 a few weeks ago, that felt very high to me,” Dudley told CNBC in an interview at the Egypt Petroleum Show in Cairo. “We are planning on now to the end of the decade (a price) between $50 and $65 a barrel.”

He added: “I think we’re in a range where the shales will be a shock absorber on the upside and the downside. Very comfortable where oil prices are as we project out, not just this year but the years ahead.”



Source link

Products You May Like

Articles You May Like

Goldman Sachs warns about US companies’ emerging market exposure 
MoviePass adds even more restrictions, limits movie options to 6 a day
Don’t overlook this tax-planning sweet spot
Coca-Cola piloting Swiss sparkling water in Atlanta
Jana Partners takes a stake in Alibaba, Facebook & Wells Fargo

Leave a Reply

Your email address will not be published. Required fields are marked *