Douglas George Blyth Leggate's questions to BP PLC (BP) leadership • Q4 2024
Question
Douglas Leggate from Wolfe Research sought clarification on the $40 breakeven price, the nature of a $917 million one-off cost, and whether financing charges are included in the breakeven calculation.
Answer
CFO Katherine Thomson clarified the $917 million was a non-cash technical accounting remeasurement related to the step acquisitions of bp bioenergy and Lightsource bp. CEO Murray Auchincloss confirmed that financing costs, including hybrid interest, are included in the balance point calculation.