BP (BP/ LN) interim CEO says the co. needs to keep focus on cost cutting, according to reports

BP's interim CEO emphasizes the need for ongoing cost-cutting efforts while also seeking progress on a significant cross-border gas project in the region.

Newsquawk StaffPublished 12 Jan 2026, 14:44 UTCOn the live feed at 14:24 UTC — 3 more headlines followed before this page went public

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14:32

US Supreme Court has dismissed a move by Hertz (HTZ) to avoid paying over USD 320mln to bondholders, Bloomberg reports

14:25

Iran's Foreign Minister and US Special Envoy Witkoff discussed a potential meeting soon, via Axios; potentially holding a meeting in the coming days

14:24

BP (BP/ LN) interim CEO says the co. needs to keep focus on cost cutting, according to reports

14:16

French Finance Ministry says there has been no contact with Eli Lilly (LLY) on Abivax, according to Bloomberg

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Mexican President Sheinbaum says they had a good conversation with US President Trump; spoke about security with respect to sovereignty, reducing drug trafficking, trade, and investment

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BP Gas Chief tells internal town hall that the co. is looking for progress on the Manakin-Cocuina cross-border gas project between Venezuela and Trinidad/

Context

This dual focus on operational efficiency and exploration may signal a strategic pivot for BP, affecting its growth potential and operational costs in the energy sector. Monitoring market reactions to these initiatives will be key, especially as investors weigh BP's cost management against new project risks.

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