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Strategies & Market Trends : The New Economy and its Winners

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From: Bill Harmond2/28/2017 12:51:25 PM
   of 57684
 
TICKER ALERT: BP

BP provides strategy update; sees $13-14 billion in pre-tax upstream free cash flow in 2021 (33.98)

Cash flow growing materially: Upstream $13-14 billion pre-tax free cash flow in 2021 Downstream $9-10 billion pre-tax free cash flow in 2021 Continuing discipline in capital and costs: Financial frame maintained to 2021, organic capital spending $15-17 billion a year, gearing 20-30% Rising production from new Upstream major projects: 6 projects began production in 2016; 7 projects to come online in 2017; 9 projects now under construction expected onstream 2018-21 Upstream production expected to grow by average of 5% a year from 2016 to 2021

REM: This and an near 7% yield...
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