BP IS unlikely to make capital expenditure decisions on unscheduled major upstream projects for some time — possibly not until 2016 or the following year — depending on how markets and prices behave in the wake of last year’s price collapse.
Chief executive Bob Dudley, speaking at the launch of the UK supermajor’s statistical review of 2014, said BP will change tack if prices change, but “we’re going to plan the company on a very prudent basis...
