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| Name | Symbol | Market | Type |
|---|---|---|---|
| BP Plc | NYSE:BP | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.45 | 1.16% | 39.15 | 39.48 | 38.92 | 38.96 | 8,297,918 | 21:58:16 |
From May 2019 to May 2024
By Sarah Kent
LONDON--The oil industry should be prepared to live with lower oil prices, Bob Dudley, the chief executive of BP PLC, said Wednesday, suggesting oil prices won't return to levels above $100 a barrel any time soon.
Crude oil prices have crashed over the past year amid a supply boom in North America and lackluster demand.
Speaking at the launch of BP's Statistical Review of World Energy, Mr. Dudley said the past few years of high and stable prices were the "exception, not the rule."
The current state of the market is a return to "business as usual," he added, noting that oil prices are expected to remain under pressure for at least a couple of years.
"The apparent resilience of supplies mean we have to be prepared for life in a low oil-price world," Mr. Dudley said.
Write to Sarah Kent at sarah.kent@wsj.com
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