H1 highlights production +0.5% vs 1H2015 Upstream EBIT of 500 million with oil < 40 /bbl discovered resources 550 million boe Mid - refining breakeven at 4.5 /bbl chemicals strong performance Downstream G&P turnaround…
e&p growth oil & gas production kboed Goliat at plateau achieved 100 kboed 46 Nooros fast track Val d'Agri reached 70 kboed + Nigeria Val dAgri restart expected in August 2016 1,734 1,726 Kashagan start-up by October…
e&p exploration and focus on the Great Nooros area H1 main discoveries Nooros fast ramp-up 130 kboed Zohr 2-3-4 Baltim SW1 Nidoco wells 70 kboed GAS July Sept July Oct 2015 2015 2016 2016 2016 target H1 near field…
H1 capex and FY guidance capex bln main start ups -20% 2016 Oct Oct Nov GOLIAT KASHAGAN NIDOCO Ph2 NENE Ph2A Norway Kazakhstan Egypt Congo 2017 1Q 2Q 2Q 4Q EAST HUB JANGKRIK OCTP ZOHR H1 4.9 Angola Indonesia Ghana…
H1 economic performance EBIT adj bln 3.1 Benchmark prices and margins, YoY Oil -31% Gas -37% SERM -32%* mkt scenario -2.8 growth and efficiency 0.8 one offs +1.0 -0.5 Val dAgri + G&P net delta retroactive…
H1 cash generation cumulative CFFO 2016 CFFO and CAPEX 2016 3.1 1.4 H1 3.1 H1 4.9 capex covered by cash flow at 50 /bbl 7
2016 business targets exploration target raised to 600 Mboe e&p production confirmed at 1,760 kboed production growth 5% in 2017 positive FCF; negative EBIT g&p structural breakeven from 2017 r&m positive FCF and EBIT…