BP Expects $5 Billion in Downstream Spending This Year

摘要

Tony Hayward, the CEO of British oil major BP, said last week the company has earmarked $5 billion for downstream spending in 2008. The company's total capital spending for the year is expected to be $21-$22 billion. BP has a "clear, step-by-step plan to close the performance gap with rivals over the medium term" in the downstream sector.