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BP targets upstream shale segments with 25 slash in capex SampP Global Platts

Coal Crushing Production Line By Zip Zero Cocos Islands

BP is cutting its planned capital expenditure this year by around 25 from previous guidance to 12 billion, targeting reductions in US shale activity as well as spending on exploration and major projects, with some output reduction expected, CEO Bernard Looney

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  • BP targets upstream shale segments with 25 slash in capex SampP Global Platts

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