BRIEF-BP CEO: portfolio review is about how best to develop upstream assets

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Aug 5 (Reuters) - BP PLC BP.L:

BP CEO SAYS AT SOME POINT WE WILL CERTAINLY TRY TO BRING A PARTNER INTO BRAZILIAN BUMERANGUE BLOCK
BP CEO SAYS PORTFOLIO REVIEW IS LINKED TO CHANGING UPSTREAM PORTFOLIO, NO CHANGE TO $20 BILLION DIVESTMENT TARGET
BP CFO SAYS GROUP WILL CONSIDER FURTHER COST CUTS AFTER REVIEWING INDUSTRY BENCHMARKING DATA OVER SUMMER
BP CEO SAYS WE ARE STARTING CONVERSATIONS WITH COUNTERPARTS ABOUT SELLING STAKE IN LIGHTSOURCE BP, DECLINES TO GIVE FURTHER DETAIL
BP CEO SAYS SALE OF CASTROL IS GOING FINE, HAD TONS OF INTEREST, WE WILL DO WHAT IS IN BEST INTEREST OF SHAREHOLDERS

Source text: [ID:]

Further company coverage: BP.L

(Reporting By Shadia Nasralla)

((Shadia.Nasralla@thomsonreuters.com;))

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