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BP Adds to Oil Production, Tweaks Refineries with Nearly $34 Billion in Projects


Industry Segment: Production | Word Count: 759 Words
Attachment: BP 3Q18

SUGAR LAND--November 15, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Rising oil prices have bolstered BP plc's (NYSE:BP) (London, England) bottom line, offsetting (for now) fears about global trade conflicts and falling U.S. crude and product stocks. The company acquired BHP Billiton plc's (NYSE:BHP) (Melbourne, Australia) U.S. shale assets during the quarter, and is upgrading operations at several refineries in anticipation of further production growth. Industrial Info is tracking nearly $33.5 billion in active projects involving BP worldwide, including about $19 billion worth that are under construction.

Within this article: Details on some of BP's top-valued upstream and downstream projects, including the Mad Dog 2 platform in the Gulf of Mexico and several projects at major refineries.

Other companies featured: Chevron Corporation (NYSE:CVX) and BHP Billiton plc (NYSE:BHP)

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