BP’s Q1 2025 Update: Gulf of Mexico Success, Increased Texas Drilling & Oil Price Softness
Oil Gas Leads
APRIL 29, 2025
This shorter cycle time from drilling to production optimizes capital efficiency and improves returns. Looking ahead, BP plans to drill around 40 exploration wells over the next three years , underscoring its ambition to expand its upstream production base. billion (up from $1.2 billion in Q4 2024) Pre-tax Earnings (RCPBIT): $4.5
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