Biraj Borkhataria's questions to BP PLC (BP) leadership • Q4 2024
Question
Biraj Borkhataria of RBC Capital Markets asked about the impact of a more capital-light approach and JVs on cost reduction targets, and later inquired about any engagement with activist investor Elliott.
Answer
CFO Katherine Thomson addressed the cost question, stating that while portfolio focusing contributes to cost savings, specifics on capital would be detailed at the upcoming Capital Markets Day. CEO Murray Auchincloss declined to comment on the Elliott matter, calling it market speculation and stating the company does not comment on such matters.