Roger Read's questions to BP PLC (BP) leadership • Q4 2024
Question
Roger Read from Wells Fargo & Company requested an update on BPX performance in the U.S. and any plans to increase activity in natural gas areas.
Answer
CEO Murray Auchincloss praised BPX's performance, highlighting successful refracs in the Eagle Ford with 'triple digit plus' returns. He confirmed that due to strong forward gas prices, the company is debating an increase in gas rigs, as gas returns are now beating those in oil basins.