BP did not live up to the high standards of 2018 but rather cut its bottom line by a fifth. Tough market conditions pressured the result for the company, which is going through major changes and now wants to divest further.
Oil output will decrease in the third quarter of the year, oil company BP predicts after producing close to 4 million boepd in the second quarter of 2019. The company's bottom line is on par with last year.
Oil companies face increasing pressure to bring fuel to the market faster and cheaper, causing BP to conclude that some resources might never make it to the market, says the company's head of strategy.