BALANCED PORTFOLIO MATERIAL LIQUIDS GROWTH Material Material Southeast Southeast Asia Asia portfolio, portfolio, growing growing and and generating generating free free cash cash flow flow 120 mboe/d, 8% growth Strong…
IMPROVING SAFETY IMPROVED OPERATIONS Lost time injury frequency (LTIF) Per million exposure hours 2.0 LTIF 1.5 1.0 0.5 0.0 2008 2009 2010 2011 1Q 2012 1st quartile 2nd quartile 3rd quartile 4th quartile Note: Quartile data…
RESPONSE TO NORTH AMERICAN GAS PRICES Capital reduction and reallocation to liquids billion Reduction to 3.6 billion 5 4.5 billion International Exploration transition to 400 million 4 3.6 billion Dry gas only 8% of remaining…
SOUTHEAST ASIA GROWTH AND FREE CASH FLOW Production* Sources and uses of cash mboe/d million 200 1,250 Fixed gas price Cash flow** Oil-linked gas Exploration and appraisal capex Liquids 1,000 Development capex 150 8% 750…
EXPLORATION TRANSITION TO 400 MILLION Exploration capex 2C cumulative resources million mmboe 2009-2013 resource target 2012-2016 resource target 600-700 mmboe 600-700 mmboe 800 1,200 1,000 600 800 Transition to 400 million…
LIQUIDS AND OIL-LINKED PRODUCTION GROWTH Production mboe/d 325 Other Colombia North America shale 300 North Sea Southeast Asia North America conventional 275 250 225 0 2011 2012 2013 2015 2012 MILESTONES…
INVESTOR OPEN HOUSE FINANCE SIGNIFICANT LIQUIDITY WITH NO NEAR-TERM DEBT MATURITIES Fixed debt maturity schedule Liquidity Liquidity ( ( billion) billion) million 1,500 Liquidity Dec 31, 2011 3.5 Preferred shares Inflows…
ACCESS TO CAPITAL Debt portfolio Weighted average cost of debt Percentage (%) Percentage (%) Diversification of 4.2% debt portfolio in 2011 100 7 results in 0.6% 6 2.9% Lower funding 75 costs 5 Maintenance of 4 existing…