Good morning. So this meeting will now come to order. Today the subcommittee is holding a hearing entitled oversight of doe, during covid19 pandemic. Members will be participating in todays hearing finally in person or remotely via video conferences. And just as a reminder weve had some technical difficulties in making sure that our remote video was operating up to standard. As part of this hearing, the microphones of members participating remotely will be set on mute for the purpose of eliminating inadvertent background noise. Members participating remotely will need to unmute their microphones each time you wish to speak. For members and witnesses participating in person, i encourage you to wear your mask whenever you are not speaking. Dr. Monahan, our physician, stressed in attending physician covid19 guidelines that use of face coverings is meant to protect other people in case someone was unknowingly infected and does not have symptoms. But wearing our mask when we are not speakin
Please knew your microphone. Mute your microphone. [indiscernible] we have previously provided guidance as to how this would [indiscernible] [indiscernible] cspan. Org [indiscernible] [indiscernible] thank you. I want to welcome mr. Menendez and his wife. I appreciate you taking on this post. Tonk you for taking the time talk to me last week and take the best thank you for taking the time this morning. This is the first hearing the committee has held since march the 10th. Since then, millions of americans have filed for unemployment. Nearly one point 5 million have contracted covid19 and nearly 90,000 have perished from the disease. Is work in the u. S. Senate that much more critical and we respond as we respond to this pandemic and return to the economy. Second the highestranking office and the department of energy and the department has been playing a role in helping the nation fight coronavirus. The department of energy is a scientific powerhouse. Its National Laboratories are some
This is a different world were facing. The pandemic has taken tens of thousands of americans and infected more than 1. 5 million and infected every single one. It focuses early on the security to the past few months. Including the nominee [inaudible] it is very different than my time in chairman. Those of you that are there in person and we do not we have previously provided guidance to reiterate care. The recommended social distancing. [inaudible] [inaudible] [inaudible] before he turned to the intervention i appreciate [inaudible] in the role with Energy Innovation including nuclear and Energy Efficiency renewable. We help create. That experience with the responsibilities and the decisions. Having full view of the department and everyone during this covert pandemic. [inaudible] non[inaudible] there will be situations that are uniquely situated during this pandemic. We thank you for that thank you, madam chairman and we want to thank you for holding this hearing and mr. Menendez nomin
This is a different world were facing. The pandemic has taken tens of thousands of americans and infected more than 1. 5 million and infected every single one. It focuses early on the security to the past few months. Including the nominee [inaudible] it is very different than my time in chairman. Those of you that are there in person and we do not we have previously provided guidance to reiterate care. The recommended social distancing. [inaudible] [inaudible] [inaudible] before he turned to the intervention i appreciate [inaudible] in the role with Energy Innovation including nuclear and Energy Efficiency renewable. We help create. That experience with the responsibilities and the decisions. Having full view of the department and everyone during this covert pandemic. [inaudible] non[inaudible] there will be situations that are uniquely situated during this pandemic. We thank you for that thank you, madam chairman and we want to thank you for holding this hearing and mr. Menendez nomin
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