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4Q and Full Year 2017 Results and Strategy Update Lamar McKay Deputy Group Chief Executive – BP Plc

BP Plc · Feb 6, 2018 · 7 slides

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  1. 4Q and Full Year 2017 Results and Strategy Update Lamar McKay Deputy Group Chief Executive – BP Plc – slide 1
  2. 4Q and Full Year 2017 Results and Strategy Update Lamar McKay Deputy Group Chief Executive – BP Plc – slide 2
    The right priorities for an evolving energy landscape Modernising the whole Group Venturing and low carbon across multiple fronts Growing gas and advantaged oil in the Upstream Market led growth in the Downstream
  3. 4Q and Full Year 2017 Results and Strategy Update Lamar McKay Deputy Group Chief Executive – BP Plc – slide 3
    Advancing the energy transition Creating low carbon businesses Reducing emissions in our operations Improving our products
  4. 4Q and Full Year 2017 Results and Strategy Update Lamar McKay Deputy Group Chief Executive – BP Plc – slide 4
    Building low carbon businesses ? Commercially driven investments ? Established low carbon business – Alternative Energy ? Building resilience within existing core and adjacent businesses
  5. 4Q and Full Year 2017 Results and Strategy Update Lamar McKay Deputy Group Chief Executive – BP Plc – slide 5
    Established low carbon business – Alternative Energy capacity ambition Bio-power Wind energy Solar energy gross capacity Renewable POWER 224MW 6 GW 2.2GW Fastest-growing energy sector ? Focus on safety, reliability,…
  6. 4Q and Full Year 2017 Results and Strategy Update Lamar McKay Deputy Group Chief Executive – BP Plc – slide 6
    New low carbon businesses Electric, connected and autonomous vehicles Advanced mobility New fuels, gas, lubricants and plastics Bio and low carbon Lowering carbon footprint for customers and BP Carbon management Low carbon…
  7. 4Q and Full Year 2017 Results and Strategy Update Lamar McKay Deputy Group Chief Executive – BP Plc – slide 7
    Advancing the energy transition A clear approach 1. Reduce 2. Improve 3. Create Creating low carbon and digital businesses 5 focus areas ~$500m annual spend within a strict investment framework

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