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We have successfully built a safer, more resilient and competitive BP: a distinctive business that is delivering sustainable value for investors.

4Q 2019 results

Operational momentum, growing cash flow and strategic progress support rising dividend

BP is performing well, with safe and reliable operations, continued strategic progress and strong cash delivery. This all supports our commitment to growing distributions to shareholders over the long term and the dividend rise we announced today. After almost ten years, this is now my last quarter as CEO. In that time, we have achieved a huge amount together and I am proud to be handing over a safer and stronger BP to Bernard and his team. I am confident that under their leadership, BP will continue to successfully navigate the rapidly-changing energy landscape.Bob Dudley,group chief executive

 

BP acquisition of BHP US onshore assets

East Texas F12 drill site

BP's purchase of 'world-class’ unconventional oil and gas assets from BHP is a move that upgrades and repositions its American onshore business.

 

Brian Gilvary, chief financial officer and Bernard Looney, chief executive, Upstream hosted a webcast to discuss the acquisition of a  portfolio includes assets in the highly-prized Permian-Delaware basin in Texas and two premium positions in the Eagle Ford and Haynesville basins in Texas and Louisiana.