- In the press release issued by BNY-Mellon, BPT's Trustee, on July 7, reported that on January 1, 2021, the "break-even" WTI price was $60.72.
- However, the "break-even" WTI price changes each quarter based upon CPI changes.
- The actual break-even for the quarter just ended appears to have been about $63 based upon $3.2 million in reported earnings for the quarter.
- Based upon reported volumes, the per barrel earnings must have been about $3.02 and the break-even must have been about $63.
- Break-even for Q3 is likely to be about $65 per barrel.
For further details see:
BP Prudhoe Bay's Misleading Press Release