BP to boost U.S. onshore capex to $2B-$2.5B, exec says

BP (BP +0.3%) is raising its U.S. onshore upstream spending to $2B-$2.5B this year from $1B in 2018,

BP last month took over BHP’s U.S. operations, including rigs, pipelines and other infrastructure, marking its re-entry into the Permian Basin and raising its access to oil acreage vs. natural gas.

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