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BP PLC (BP BP.LN), which has recently completed a $38 billion divestment program in efforts to streamline the company and bolster its financial position, doesn't need a large acquisition to replace naturally declining reserves, the company's top bosses said Thursday.Instead, BP has a pipeline of around 45 potential high-quality upstream projects it can develop during the rest of this decade. Of these, BP is particularly focusing on four areas--the Gulf of Mexico, Angola, Azerbaijan and the North Sea, BP Chief Executive Bob Dudley told shareholders at the annual general meeting.Analysts and bankers have been touting BG Group PLC (BG.LN) as an acquisition target for BP. The company, like many of its peers, is facing an uphill battle to replace its reserves and a large acquisition could be a quick route for BP to lift its reserve replacement ratio, which last year fell to 77%. But Mr. Dudley and BP Chairman Carl-Henric Svanberg said the company has enough big projects coming up to grow th...
The survival of BP PLC (BP) was at risk after the company was essentially shut out of lending markets following the Gulf of Mexico oil disaster in 2010, the U.K.-bas...
The BP PLC (BP.LN, BP) director who became a lightning rod for investor criticism of the company's handling of the Gulf of Mexico oil spill has indicated he will ste...
By Vladimir Soldatkin and Tom BerginMOSCOW/LONDON (Reuters) - BP's partners in its Russian venture TNK-BP rejected the UK oil major's attempts to settle a dispute ca...
BP (NYSE:BP) revealed fourth-quarter profits on Tuesday that trailed analysts’ expectations, but the U.K. oil giant unveiled plans to resume dividend payouts as it c...
LONDON (Reuters) - BP's <BP.L> board will tighten its oversight of the oil group's day-to-day operations following the Gulf of Mexico oil spill, its chairman was quo...
One of BP PLC's (BP) biggest institutional shareholders asked the company on Thursday to reform its pay structure for executives to make sure performance-related sta...
Three of BP PLC's (BP) biggest shareholders plan to abstain from key votes at the oil company's annual general meeting on executive pay and the reappointment of Chai...
In the wake of its sale of a 50% stake in Russian unit TNK-BP, British energy behemoth BP (NYSE:BP) revealed plans on Friday to buy back $8 billion worth of its slug...
U.K.-listed energy giant BP PLC (BP) said Friday it will buy back $8 billion of its shares, returning some of the proceeds to shareholders of the sale of its stake i...
BP PLC said Monday it agreed to sell its 50% stake in Russian oil producer TNK-BP to state-run Rosneft in a deal consisting of two tranches. BP will sell its stake f...
BP's (BP, BP.LN) board has unanimously approved a plan to sell the U.K. major's share of its TNK-BP joint venture to Russian state-owned giant Rosneft (ROSN.RS) for ...
BP PLC (BP) will "hopefully" conclude the $7.8 billion settlement provisionally agreed with thousands of individuals and businesses hurt by the Gulf of Mexico oil sp...
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