Income hit almost 3 million. 3 billion. Here is a key piece to that, u. S. Shale. Bp made a bet in july 2018 buying assets for 10 and a half billion dollars. The increase their foothold in the permian and elsewhere, that came with 4. 66 billion barrels of resources. All at low cost. Bp now wants to spend 2. 5 million in u. S. Shale and increased rig count to 1525 in 25 in count from 15 to the next two years. How do you develop that at 60 oil when shareholders only want capital discipline . Joining me is the chairman and president of bp america. So great to talk to you today, thank you for joining us. Your first tv interview. It is great to be here. Alix north america and bp, how critical is north america to bp . Susan huge. In terms of the 70 countries we do business in, our footprint is biggest here. We do everything here that we do globally. 40 of our stock is held here. It is a material part of our business. Alix and it will be a huge part of your shell business with the integration
U. S. Shale. Bp made a bet in july 2018 buying assets for 10 and a half billion dollars. The increase their foothold in the permian and elsewhere, that came with 4. 66 billion barrels of resources. All at low cost. Bp now wants to spend 2. 5 million in u. S. Shale and increased rig count from 15 to 25 in the next two years. How do you develop that at 60 oil when shareholders only want capital discipline . Joining me is the chairman and president of bp america. So great to talk to you today, thank you for joining us. Your first tv interview. It is great to be here. Alix north america and bp, how critical is north america to bp . Susan huge. In terms of the 70 countries we do business in, our footprint is biggest here. We do everything here that we do globally. 40 of our stock is held here. It is a material part of our business. Alix and it will be a huge part of your shell business with the integration of bhp assets. From your perspective, how is the integration going . What do you get
Coach you. Call me at 1800743cnbc. You can blame the democrats for their inability to offer any cuts for spending. You can blame the republicans for not even wanting to consider tax increases. But dont you dear blame ben bernanke for not being willing to take bold action to get this economy hiring and moving again even if his statements about economic weakness ultimately caused the averages to stumble from some pretty lofty levels. Dow only declining ability 3 points s p inching up 4. 4 . Close in positive territory. Nasdaq giving up 2. 8 . When you look at what ben bernanke did ntoday the republicans themselves refuse to get specific on spending until they see something from the white house. The elected portion of our government is not helping this economy at all. Their failure to rise above politics to reach a compromise is now really starting to hurt u. S. Economy. In this vacuum, the fed has decided to keep rates low. They stepped in saying listen, business. We are not going to get
You can blame the democrats for their inability to offer any cuts to spending. You can blame the republicans for not wanting to even consider tax increases. But dont you dare blame ben bernanke for not being willing to take bold action to get this economy hiring and moving again even if his statements about economic weakness ultimately cause the averages to stumble from some pretty lofty levels. Dow ultimately declining ability 3 points, s p inching up 4. 4 . Closing in positive territory. Nasdaq giving up. 28 . When you look at what ben when you look at what ben bernanke did today youve got to marvel. The republicans themselves refuse to get specific on spending until they see something from the white house. The elected portion of our government is not helping this economy at all. Their failure to rise above politics to reach a compromise is now really starting to hurt the u. S. Economy. In this vacuum, the fed has decided to keep rates low. They stepped in saying listen, business, we
lost tax revenue. of course, less tax revenue equals fewer hospitals, teachers and cops, but as long as oil shareholders and big government have what they need, well, who needs teachers, cops and hospitals? and then what you don t hear about too much, plummeting home values in the gulf. an average loss of $56,000 per beach front house in some areas. and that doesn t, of course, deal with the environment. too early to tell the untold damage from smaller fish populations to the indefinite contamination of oyster beds, not to mention unknown factors and potential risks associated with the dispersants themselves. let s be very clear. i and i suspect everyone in this country is for every and any positive step in containing and rectifying this horrendous catastrophe against our earth and our country, but we must make sure that once that 24-hour