BP's Results Suggest New Direction is Working

Dow Jones

08/04

0902 GMT - BP's results show new CEO Meg O'Neill's approach is starting to work, research director at XTB Kathleen Brooks writes. O'Neill got a boost from supportive market conditions that pushed oil and gas prices higher, but she has refocused the business around hydrocarbons, Brooks says. She has also had to navigate internal volatility after the ousting of the company's chairman in May, she adds. BP shares rise 1% to 557.70 pence.

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O'Neill got a boost from supportive market conditions that pushed oil and gas prices higher, but she has refocused the business around hydrocarbons, Brooks says. She has also had to navigate internal volatility after the ousting of the company's chairman in May, she adds. 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