May 2, 2017 / 9:05 AM / 4 months ago

BRIEF-BP can cut capex further if oil prices dip -CFO

May 2 (Reuters) - Bp Plc

* BP operated 12 U.S. unconventional rigs in Q1 2017 versus 5 in Q4 2016, cash breaekven has halved from 2015 to $2.60/mmbtu -CFO

* If oil falls back below $50/bbl, BP can reduce capex by at least an additional $1 billion -CFO Further company coverage: (Reporting By Ron Bousso)

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