The results of those projects will be revealed at the investor day when BP will outline how it plans to lower its overheads and concentrate on "value not volume" across its operations. The pressure on Dudley has increased due to the new oil price environment and BP's vulnerability to geopolitical risk caused by western sanctions against Russia due to its 20% shareholding in the largely state-owned Rosneft. Some analysts question whether a cash-strapped regime led by Vladimir Putin could seize BP assets in Rosneft causing further pain to the British-based group. The dramatic crude price squeeze that started in June due to lower than expected demand growth plus high US shale output and has accelerated since Opec declined to cut its production at a key meeting in Vienna 10 days ago.