BP Doesn't Plan Capital Expenditure Splurge on New Upstream Projects -- Market Talk

Dow Jones

Aug 29

0939 GMT - BP doesn't intend to deploy large amounts of capital expenditure on more upstream projects, RBC Capital Markets analysts write after speaking to finance chief Kate Thomson. This is despite BP's considerable exploration success this year, of which Bumerangue in Brazil is the most significant, they say. The decision to not deploy significant capital on its growing set of exploration options seems to be part of the latest strategic review being conducted by the energy major's incoming chair, the analysts write. Its discovery in Brazil, as well as some of its Gulf of Mexico assets, are fully owned by BP and offer the opportunity to sell interests in the discoveries, they add. Shares trade up 0.9% at 432.95 pence. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

August 29, 2025 05:39 ET (09:39 GMT)

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This is despite BP's considerable exploration success this year, of which Bumerangue in Brazil is the most significant, they say. The decision to not deploy significant capital on its growing set of exploration options seems to be part of the latest strategic review being conducted by the energy major's incoming chair, the analysts write. Its discovery in Brazil, as well as some of its Gulf of Mexico assets, are fully owned by BP and offer the opportunity to sell interests in the discoveries, they add. Shares trade up 0.9% at 432.95 pence. (adam.whittaker@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 29, 2025 05:39 ET (09:39 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BP Doesn't Plan Capital Expenditure Splurge on New Upstream Projects -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBP Doesn't Plan Capital Expenditure Splurge on New Upstream Projects -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-08-29 17:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0939 GMT - BP doesn't intend to deploy large amounts of capital expenditure on more upstream projects, RBC Capital Markets analysts write after speaking to finance chief Kate Thomson. This is despite BP's considerable exploration success this year, of which Bumerangue in Brazil is the most significant, they say. The decision to not deploy significant capital on its growing set of exploration options seems to be part of the latest strategic review being conducted by the energy major's incoming chair, the analysts write. Its discovery in Brazil, as well as some of its Gulf of Mexico assets, are fully owned by BP and offer the opportunity to sell interests in the discoveries, they add. Shares trade up 0.9% at 432.95 pence. (adam.whittaker@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 29, 2025 05:39 ET (09:39 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2563324045","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2563324045","pubTimestamp":1756460340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0939 GMT - BP doesn't intend to deploy large amounts of capital expenditure on more upstream projects, RBC Capital Markets analysts write after speaking to finance chief Kate Thomson. This is despite BP's considerable exploration success this year, of which Bumerangue in Brazil is the most significant, they say. The decision to not deploy significant capital on its growing set of exploration options seems to be part of the latest strategic review being conducted by the energy major's incoming chair, the analysts write. Its discovery in Brazil, as well as some of its Gulf of Mexico assets, are fully owned by BP and offer the opportunity to sell interests in the discoveries, they add. Shares trade up 0.9% at 432.95 pence. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BP":"英国石油","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","BK4585":"ETF&股票定投概念","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU1829250122.USD":"高盛欧洲核心股票组合Acc","BK4201":"综合性石油与天然气企业"},"translate_title":"英国石油公司不打算在新的上游项目上挥霍资本支出——市场传言","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BP":1},"content_text":"0939 GMT - BP doesn't intend to deploy large amounts of capital expenditure on more upstream projects, RBC Capital Markets analysts write after speaking to finance chief Kate Thomson. This is despite BP's considerable exploration success this year, of which Bumerangue in Brazil is the most significant, they say. The decision to not deploy significant capital on its growing set of exploration options seems to be part of the latest strategic review being conducted by the energy major's incoming chair, the analysts write. Its discovery in Brazil, as well as some of its Gulf of Mexico assets, are fully owned by BP and offer the opportunity to sell interests in the discoveries, they add. Shares trade up 0.9% at 432.95 pence. (adam.whittaker@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 29, 2025 05:39 ET (09:39 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}