0849 GMT - BP seems to be taking a more selective approach to selling assets after lowering its disposal guidance to between $8 billion and $9 billion for this year, RBC Capital Markets analyst Biraj Borkhataria writes. The British energy major had previously guided for up to $10 billion. This is a sensible approach given the stronger macroeconomic environment, he writes. Overall, BP's new five priorities to turn the company around fall under the general bucket of "do better", he adds. "BP will need to 'walk the talk' consistently over the coming quarters to re-build investor confidence," he says. BP shares rise 1% to 557.70 pence.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.