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Released February 16, 2021 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--After a series of grim end-of-the-year reports from global oil and gas giants, no one thought BP plc (NYSE:BP) (London, England) would be any different. Sure enough, there was no Hollywood ending, only the painfully obvious one: The company reported an underlying replacement cost loss (similar to a net loss) of $5.7 billion for 2020, following gains of $10 billion in 2019. As BP looks to a low-carbon future, it is preparing to sell $25 billion in assets by 2025 and keep its spending plans modest. Industrial Info is tracking more than $25 billion in BP projects worldwide, about $3.5 billion of which are under construction in the U.S.
To read the complete article, see the most recent edition of Industrial Info's NavigatIIR online newsletter.
Within this article: Details on BP's outlook in a challenging environment and some of its highest-valued U.S. projects, including the Mad Dog 2 offshore drilling project in the Gulf of Mexico and several major refinery upgrades.
Other companies featured: Chevron Corporation (NYSE:CVX) and Exxon Mobil Corporation (NYSE:XOM)
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
To read the complete article, see the most recent edition of Industrial Info's NavigatIIR online newsletter.
Within this article: Details on BP's outlook in a challenging environment and some of its highest-valued U.S. projects, including the Mad Dog 2 offshore drilling project in the Gulf of Mexico and several major refinery upgrades.
Other companies featured: Chevron Corporation (NYSE:CVX) and Exxon Mobil Corporation (NYSE:XOM)
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
