BP plc ratcheted down oil and natural gas production plans through 2012, but it plans to keep capital spending near 2008 levels to prepare for a certain upturn, CEO Tony Hayward said last week.
Ratcheted
Articles from Ratcheted
BP Slows Production Plans but Keeps Spending Near 2008 Levels
BP plc has ratcheted down oil and natural gas production plans through 2012 but it still plans to keep spending near 2008 levels to prepare for a certain upturn, CEO Tony Hayward said Tuesday.
March 4, 2009
Colder Forecast Fails to Halt Futures Slide; Gas Leads Oil Down
Putting in a wild and volatile day of trading Wednesday, March natural gas futures ratcheted higher in the morning to put in a $9.820 high before collapsing lower. After notching a low of $8.700 late in the session, the prompt month settled at $8.723, down 59.3 cents on the day.
February 2, 2006
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