EDINBURGH, Nov 28 (Reuters) - BP’s spending plans will not change even though oil prices have fallen by more a quarter since early October to around $60 a barrel, CEO Bob Dudley said on Wednesday.
“We’re planning the future of BP and always have through the cycle on $50 to $60 (a barrel), so it (the oil price) is not changing our capital investment plan. That hasn’t changed at all,” Dudley told reporters on the sidelines of a carbon conference in Edinburgh.
However, Dudley said the company might reprioritise some projects as a results of the slump in crude prices. (Reporting By Ron Bousso and Shadia Nasralla Editing by David Goodman)