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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.

2Q 2020 results

Resetting for the future in face of difficult conditions

These headline results have been driven by another very challenging quarter, but also by the deliberate steps we have taken as we continue to reimagine energy and reinvent bp. In particular, our reset of long-term price assumptions and the related impairment and exploration write-off charges had a major impact. Beneath these, however, our performance remained resilient, with good cashflow and – most importantly – safe and reliable operations.Bernard Looneychief executive officer

 

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.