BP says shares don't benefit from green energy ops
LONDON (Reuters) - BP Plc's shares have not received an uplift from its investments in renewable and alternative energy such as wind, solar and motor fuels made from crops, the company's chief executive said on Wednesday.
Tony Hayward told a webcast for investors that the Alternative Energy unit was worth between $5 billion and $7 billion.
"What we will be doing over the course of the year will be looking at ways of realizing that value for shareholders because none of us believe that there is very much of that, if anything, in our share price today," Hayward said.
Bob Dudley, the head of BP's Russian unit added the company remained committed to its operations around Sakhalin Island off Russia's east coast, despite some early exploration disappointments.
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(Reporting by Tom Bergin; Editing by Erica Billingham)