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4Q and Full Year 2017 Results and Strategy Update Bob Dudley Group Chief Executive – BP Plc

BP Plc · Feb 6, 2018 · 20 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 4Q and Full Year 2017 Results and Strategy Update Bob Dudley Group Chief Executive – BP Plc – slide 1
    6 FEBRUARY 2018 BP 4Q & FULL YEAR 2017 RESULTS & STRATEGY UPDATE BP 4Q & 2017 FULL RESULTS YEAR 2017 RESULTS & STRATEGY UPDATE STRONGER FUTURE IN A CHANGING WORLD 1 1
  2. 4Q and Full Year 2017 Results and Strategy Update Bob Dudley Group Chief Executive – BP Plc – slide 2
    BP 4Q & FULL YEAR 2017 RESULTS & STRATEGY UPDATE Bob Dudley Group Chief Executive BP 4Q & 2017 FULL RESULTS YEAR 2017 RESULTS & STRATEGY UPDATE 2 Hello everyone and welcome to BPs fourth-quarter and full-year 2017…
  3. 4Q and Full Year 2017 Results and Strategy Update Bob Dudley Group Chief Executive – BP Plc – slide 3
    Cautionary statement Forward-looking statements - cautionary statement In order to utilize the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995 (the PSLRA), BP is providing the following…
  4. 4Q and Full Year 2017 Results and Strategy Update Bob Dudley Group Chief Executive – BP Plc – slide 4
    Agenda 1 2 3 Group 4Q results Advancing strategic & financial the energy review frame transition Bob Dudley Brian Gilvary Lamar McKay Group chief executive Chief financial officer Deputy group chief executive 4 5 6 Upstream…
  5. 4Q and Full Year 2017 Results and Strategy Update Bob Dudley Group Chief Executive – BP Plc – slide 5
    2017 a year of strong delivery Financial highlights Underlying replacement cost profit 6.2bn 7 Strong refining availability 6 major projects discoveries 95% Underlying operating cash flow1 24.3bn in 2017 Biggest year Organic capital…
  6. 4Q and Full Year 2017 Results and Strategy Update Bob Dudley Group Chief Executive – BP Plc – slide 6
    delivering around 1 billion of underlying earnings improvement in the year, through: Continued volume growth in premium fuels and lubricants; The strong performance of our refining operations, averaging more than 95% availability…
  7. 4Q and Full Year 2017 Results and Strategy Update Bob Dudley Group Chief Executive – BP Plc – slide 7
    Changing dynamics of supply and demand Primary energy consumption by fuel1 Shares of primary energy1 bn tonnes of oil equivalent % Oil Gas Coal Nuclear Hydro Renewables Oil Gas Coal Nuclear Hydro Renewables 20 Forecast 50…
  8. 4Q and Full Year 2017 Results and Strategy Update Bob Dudley Group Chief Executive – BP Plc – slide 8
    The dual energy challenge More Societys need for energy More energy Lower greenhouse gas emissions Lower carbon BP 4Q & 2017 FULL RESULTS YEAR 2017 RESULTS & STRATEGY UPDATE 7 Spencer Dale, our Group Chief Economist,…
  9. 4Q and Full Year 2017 Results and Strategy Update Bob Dudley Group Chief Executive – BP Plc – slide 9
    There is a lot of uncertainty around the pace and direction of change probably more than at any time I can recall but we have a strong and flexible platform to build on, giving us the ability to adapt quickly in any environment. With…
  10. 4Q and Full Year 2017 Results and Strategy Update Bob Dudley Group Chief Executive – BP Plc – slide 10
    The BP proposition Safe, reliable and Safer efficient execution Growing sustainable A distinctive free cash flow and Fit for portfolio fit for distributions to the future a changing world shareholders over the long-term Value…
  11. 4Q and Full Year 2017 Results and Strategy Update Bob Dudley Group Chief Executive – BP Plc – slide 11
    Safe, reliable and efficient execution Process Safety Events (PSE) number of instances 95% 140 PSE Tier 1 PSE Tier 2 120 Upstream plant reliability1 in 2017 100 80 60 95% 40 Downstream availability2 20 in 2017 0…
  12. 4Q and Full Year 2017 Results and Strategy Update Bob Dudley Group Chief Executive – BP Plc – slide 12
    A distinctive portfolio Upstream Downstream Alternative Energy Deep reserves base Strong brands Proved reserves1 bn boe 18.4 Liquids Gas Price leverage Balanced refining % operating cash flow2 throughput bbl/day Renewable…
  13. 4Q and Full Year 2017 Results and Strategy Update Bob Dudley Group Chief Executive – BP Plc – slide 13
    oil and gas indexation. But importantly, this is balanced with production from fixed-price or similar contracts, which provide a base of steady, resilient, long-term cash flow. We also have a strong and differentiated Downstream business…
  14. 4Q and Full Year 2017 Results and Strategy Update Bob Dudley Group Chief Executive – BP Plc – slide 14
    Distinctive partnership Russia Strategic investment Growing a Technical in Rosneft material business co-operation 19.75% 2 20% Taas JV Health safety and environment shareholding board members with Rosneft and 3 others 1.1 mmboed 49%…
  15. 4Q and Full Year 2017 Results and Strategy Update Bob Dudley Group Chief Executive – BP Plc – slide 15
    We have reached agreement to form a new JV for the Kharampur field, in which we will have a 49% interest. Most regulatory approvals are in place and we do not see any barriers for the deal closure by the end of 2018. Outside Russia,…
  16. 4Q and Full Year 2017 Results and Strategy Update Bob Dudley Group Chief Executive – BP Plc – slide 16
    Focused on returns ROACE1 % Making the right choices to 10 deliver competitive returns Capital and cost discipline Actively managed portfolio 5.8 ROACE1 10% by 2021 2.8 Delivering competitive returns 2016 2017…
  17. 4Q and Full Year 2017 Results and Strategy Update Bob Dudley Group Chief Executive – BP Plc – slide 17
    Clear priorities for a changing world Growing gas and advantaged oil in the Upstream Market led growth in the Downstream Venturing and low carbon across multiple fronts Modernising the whole Group BP 4Q & 2017 FULL…
  18. 4Q and Full Year 2017 Results and Strategy Update Bob Dudley Group Chief Executive – BP Plc – slide 18
    BP 4Q & FULL YEAR 2017 RESULTS & STRATEGY UPDATE Bob Dudley Group Chief Executive BP 4Q & 2017 FULL RESULTS YEAR 2017 RESULTS & STRATEGY UPDATE 50 Welcome back. Before we move to Q&A I would like to take just a few…
  19. 4Q and Full Year 2017 Results and Strategy Update Bob Dudley Group Chief Executive – BP Plc – slide 19
    The BP proposition Safe, reliable and Safer efficient execution Growing sustainable A distinctive free cash flow and Fit for portfolio fit for distributions to the future a changing world shareholders over the long-term Value…
  20. 4Q and Full Year 2017 Results and Strategy Update Bob Dudley Group Chief Executive – BP Plc – slide 20
    Q&A Bob Brian Lamar Dudley Gilvary McKay Group chief executive Chief financial officer Deputy group chief executive Bernard Tufan Looney Erginbilgic Chief executive, Upstream Chief executive, Downstream BP 4Q & 2017…

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