Financial Times | BP targets deeper cost cuts to cope with cheaper oil Financial Times BP has already reduced its unit production costs by 40 per cent since 2013, when the industry was gorging on oil prices above $100 per barrel before the market crashed the following year. Mr Dudley said there were further savings to be found in the ... BP profits rise but still dented by Gulf of Mexico oil spill payouts BP Says It Can Now Profit at Oil Below $50 BP sees oil prices below $55 a barrel in 2018 |