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BP plans biggest expansion in its history but signals caution over oil price recovery
Mar 8, 2017 - The Daily Telegraph (London)

BP is not banking on a recovery in oil prices this decade as it prepares to launch seven "massive" projects this year in the biggest expansion in the company's history, chief executive Bob Dudley has said.

"We're planning the next five years with a $55 to $60 oil price," said Mr Dudley. It is one of the most cautious operating forecasts in an industry where some are already eyeing a return to the days of triple-digit crude prices.

The BP boss said the firm is finally moving beyond th

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