Will going back to basics restore BP's fortunes?

Contributing sentiments towards policy:

56% : Five years after a decision by Lund and former chief executive Bernard Looney to bet the company's future on renewable energy, BP is more a middle-tier energy company with uncertain prospects, worth just over a third of its rival Shell, and the most obvious takeover target in the sector.
53% : One person familiar with the plan notes that the 40 per cent cut in oil production was to be made in parts of BP's portfolio where margins were low -- for example in countries where BP was simply being paid fees to drill oilfields -- and that these would be offset with relatively higher earnings from other fields.
39% : Several former executives agree that climate change continues to pose an existential threat to oil and gas businesses and that staking the business on fossil fuels may prove to be a poor long-term strategy.

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