uploads/2016/08/Projects.jpg

BP’s Robust Upstream Portfolio: Major Projects in 2017–2018

By

Updated

BP’s robust upstream project pipeline

BP’s upstream project portfolio is poised for growth, with major projects expected to come online in the next two years.

BP expects to net around 800 Mboepd (thousand barrels of oil equivalent per day) in new production by 2020. BP also has a vast proved reserve of 17.1 billion barrels of oil equivalent, which is expected to provide growth beyond 2020.

With its huge reserve base and its new project startups, BP’s upstream portfolio is likely to become valuable and increasingly profitable in the scenario of rising oil prices.

If you’re looking for exposure to energy sector stocks, you could consider the Energy Select Sector SPDR ETF (XLE).

Article continues below advertisement
Advertisement

More From Market Realist