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BP is not on the hunt for US oil and gas deals, says CEO Bob Dudley

Tom DiChristopher

BP's plate is full following its acquisition last year of BHP Billiton's shale oil and gas assets, says CEO Bob Dudley. Chevron's battle with Occidental Petroleum to take control of Anadarko Petroleum is fueling speculation about more U.S. oil and gas deal-making. Dudley expects drillers to continue swapping land to optimize operations in the Permian Basin, the top U.S. shale region.