Source: Wikipedia.
United States shale resources continue to haunt large integrated oil companies, with BP (BP -0.10%) becoming the most recent IOC to change its company's organizational structure in an attempt to crack the resource code. BP is proposing to separate its Lower 48 onshore division to make the unit more nimble to take advantage of the fracking revolution as well as speed up decision-making to manage costs. The decision makes economic sense, but is something else also at play here?
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This segment is from Friday's edition of "Digging for Value," in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy and materials sectors: @TMFEnergy..
