How Does BP Plan To Ride Through The Oil Crash?

The recent crash in oil prices has made BP’s road to recovery from a massive setback it faced as a result of the 2010 Deepwater Horizon incident even more challenging. Just when the company’s underlying business seemed to be on the cusp of a turnaround with new upstream projects adding to both production and profitability, it now faces a potentially prolonged cycle of depressed commodity prices, coupled with huge uncertainties related to additional liabilities from the oil spill incident. In...