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4Q and Full Year 2017 Results and Strategy Update Tufan Erginbilgic Downstream – BP Plc

BP Plc · Feb 6, 2018 · 8 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 Tufan Erginbilgic Downstream – BP Plc – slide 1
  2. 4Q and Full Year 2017 Results and Strategy Update Tufan Erginbilgic Downstream – BP Plc – slide 2
    Downstream strategy SAFETY STRATEGIC PRIORITIES core #1 value >$3bn $9-10bn ~20% underlying earnings1 growth by 2016-21 free cash flow2 in 2021 pre-tax returns2 in 2021 PROFITABLE MARKETING GROWTH ADVANTAGED…
  3. 4Q and Full Year 2017 Results and Strategy Update Tufan Erginbilgic Downstream – BP Plc – slide 3
    Execution of strategy continues to deliver results Pre-tax earnings1 $bn Continued underlying earnings3 growth $bn 2 4 6 8 2014 Environment WTI-WCS Underlying growth 2017 0.7 2017 3.0 delivered 2014-16 7.0 4.4 2 3.7…
  4. 4Q and Full Year 2017 Results and Strategy Update Tufan Erginbilgic Downstream – BP Plc – slide 4
    Marketing – material and growing in lubricants premium volumes and key growth countries earnings $2.4bn premium fuel volumes growth since Active fuels launch 20% fuels marketing earnings >10% growth vs 2016 sites opened in…
  5. 4Q and Full Year 2017 Results and Strategy Update Tufan Erginbilgic Downstream – BP Plc – slide 5
    Manufacturing – strong underlying earnings growth Strong operations Underlying earnings growth1 $bn now deployed at key PTA sites refining availability and petrochemicals reliability >95% improvement in refining net cash margin3…
  6. 4Q and Full Year 2017 Results and Strategy Update Tufan Erginbilgic Downstream – BP Plc – slide 6
    Cash flow growth, attractive returns, improving resilience 9-10 6-8 4 2006-16 RMM range3 9-10 Adjusted returns2 (1) Free cash flow proxy (FCF) = underlying RCPBIT + DD&A – organic capex; 2021 FCF at $14/bbl RMM , $15/bbl WTI-WCS…
  7. 4Q and Full Year 2017 Results and Strategy Update Tufan Erginbilgic Downstream – BP Plc – slide 7
    Building on our strengths to create our future Advanced mobility Bio and low carbon Digital Electric, connected and autonomous vehicles New fuels, gas, lubricants and plastics Lead in digital innovation and consumer…
  8. 4Q and Full Year 2017 Results and Strategy Update Tufan Erginbilgic Downstream – BP Plc – slide 8
    Downstream key messages core #1 value (1) Underlying RCPBIT adjusted for refining and petrochemicals environment, forex, turnaround and portfolio impacts (2) Free cash flow proxy (FCF) = underlying RCPBIT+DD&A–organic capital…

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