BP's New Recovery Plan Could Generate Upside In 2013

Wed, 05/09/2012 - 15:08 EDT - Seeking Alpha

By Dividend Kings:BP (BP) is now almost two years out from the widely reported 2010 oil rig disaster in the Gulf of Mexico. The massive oil leak hurt the company's reputation, production levels and cash flow. In the wake of the disaster BP management instituted a new business strategy to rebuild the company and increase returns to shareholders.Over the last year, the BP share price has performed in line with the other major integrated oil companies. Some of the company's major changes to implement the business plan will occur over the next few years. If successful, these steps may allow BP to move ahead of its peers.The BP recovery plan is a 10 point strategy, but the major ideas of the plan can be broken down into three main ideas.The company will divest itself of assets which do not meet the desired levels of return vs. investment. By theComplete Story »

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BP's New Recovery Plan Could Generate Upside In 2013

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