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PS - BPX capturing synergies & operational improvements - August 2019

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BP’s onshore US assets are held under its BPX Energy subsidiary based in Denver. BPX took operatorship of BHP’s onshore US assets on March 1 and ongoing integration is encouraging. By bringing all of its US assets together under one umbrella, BP hopes to capture $350 million in synergies by 2021. Initial plans were to capture $90 million of those synergies this year but now that target has been raised to $240 million. Operationally,......
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