黑料社

BP黑料社檚 chief executive Bob Dudley has declared that BP has reached a turning point and is now profitable after the last disastrous year that it has been through following the Macondo oil spill.

黑料社淲e have now reached a definite turning point. Our operations are regaining momentum and we are facing the future with great confidence. I believe we will build on our strengths to substantially grow operating cash flows, allowing us to directly increase returns to shareholders as well as invest for future growth.黑料社� said chief executive Bob Dudley.

The company also announced its third quarter 2011 financial results which showed replacement cost profits for the first nine months of 2011 of US$ 15.9 billion, compared to a US$ 9.5 billion loss for the same period in 2010. This huge loss was driven by the US$ 40 billion loss the company incurred as a result of the Gulf clean-up operation. The reported replacement cost profit for the third quarter of 2011 was US$ 5.1 billion.

The company plans to continue refocusing its investments upon its strengths including exploration, where it intends to double its investment. The company will also continue to develop its downstream business, which is competitively strong.

It also plans to extend its current divestment programme to US$ 45 billion, divesting a further US$ 15 billion in assets by the end of 2013 in addition to the current programme of US$ 30 billion.

2011 progress

Dudley said he has been encouraged by the significant progress BP has already made in 2011, 黑料社淭hese past 12 months have been our most successful for a decade in gaining new access for exploration 黑料社� with 67 new exploration licences in 11 countries 黑料社� and we have completed major deals to enter both Brazil and India. We have also agreed asset sales totalling $26 billion.黑料社�

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