BP will ramp up investments in its onshore U.S. shale oil and gas business to $1.5 billion in 2022 from $1 billion this year, Chief Financial Officer Murray Auchincloss said on Tuesday.
BP’s shale operations are “back to growth now as we invest more capital into them. We’re gradually ramping up to a billion this year and we’ll probably ramp up to $1.5 billion next year,” Auchincloss told analysts on an earnings call.
Source: Reuters
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