Ahmed Ben Salem's questions to BP PLC (BP) leadership • Q4 2024
Question
Ahmed Ben Salem from ODDO BHF asked about the potential impact of U.S. tariffs on Canadian crude on the Whiting refinery's margins.
Answer
CEO Murray Auchincloss described the situation as 'very, very dynamic' and difficult to predict due to multiple interacting crude flow options. He noted the WTI-WCS spread widened upon the tariff announcement, absorbing some of the impact, but a clear effect on margins is not yet straightforward.