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LONDON, June 22 (Reuters) - BP will be in the hydrocarbons business for decades and high oil prices are set to make its asset sales and the energy transition easier, Chief Executive Bernard Looney told Reuters on Tuesday.
“As people understand we’re going to be in the hydrocarbons business for decades to come that concern has gone away a little bit,” Looney said in an interview at the Reuters Events: Global Energy Transition conference, referring to BP employees.
“High oil prices are very good for our strategy and our shareholders will benefit from that especially through our buyback programme,” he said. (Reporting by Dmitry Zdhannikov and Noah Browning, editing by Louise Heavens)