Alastair Syme's questions to BP PLC (BP) leadership • Q4 2024
Question
Alastair Syme of Citigroup Inc. questioned the reasoning behind labeling the upcoming strategy update a 'fundamental reset,' asking if it was driven by the macro environment or board discussions.
Answer
CEO Murray Auchincloss attributed the 'fundamental reset' phrasing to the significant portfolio actions taken over the past 12 months, including new projects, country entries, and the decapitalization of renewables. He explicitly stated the change was not driven by external macro factors.