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2Q 2019 Earnings Presentation – BP Plc

BP Plc · Jul 30, 2019 · 25 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. 2Q 2019 Earnings Presentation – BP Plc – slide 1
  2. 2Q 2019 Earnings Presentation – BP Plc – slide 2
    Craig Marshall Head of Investor Relations
  3. 2Q 2019 Earnings Presentation – BP Plc – slide 3
    Bob Dudley Group Chief Executive
  4. 2Q 2019 Earnings Presentation – BP Plc – slide 4
    2Q 2019 highlights Strong quarterly results 2.8 billion underlying replacement cost profit 8.2 billion underlying operating cash flow strategic delivery on track 4 major projects delivered 3.8 mmboed group production 15% underlying…
  5. 2Q 2019 Earnings Presentation – BP Plc – slide 5
    Macro environment OECD oil stocks Mbbls Brent forward strip Charts
  6. 2Q 2019 Earnings Presentation – BP Plc – slide 6
    Advancing the energy transition A clear approach reducing improving creating consistent with Paris Agreement resilient and flexible portfolio Strategic priorities Engagement and transparency Policy advocacy Growing our low…
  7. 2Q 2019 Earnings Presentation – BP Plc – slide 7
    Brian Gilvary Chief Financial Officer
  8. 2Q 2019 Earnings Presentation – BP Plc – slide 8
    Environment Brent oil price Henry Hub gas priceRefining Marker Margin
  9. 2Q 2019 Earnings Presentation – BP Plc – slide 9
    2Q 2019 Results summary Underlying replacement cost profit Underlying operating cash flow Underlying RCPBIT Upstream Downstream Rosneft Other businesses and corporate Underlying earnings per share (cents) Dividend paid per share…
  10. 2Q 2019 Earnings Presentation – BP Plc – slide 10
    Sources and uses of cash 1H 2018 organic cash inflows/outflows bar chart 1H 2019 organic cash inflows/ outflowsunderlying cash flow dividens organic capex share buypacks lease payments disposals inorganic capexGulf of mexico oil…
  11. 2Q 2019 Earnings Presentation – BP Plc – slide 11
    2019 guidance 3Q 2019 guidanceupstream downstream Full year 20019 guidanceorganic capital expenditure DD&A Gulf of mexico oil spill payments Share buypacs gearing other businesses and corporate underlying quarterly charge…
  12. 2Q 2019 Earnings Presentation – BP Plc – slide 12
    Medium term financial frame cost and capital discipline divestments gearing returns distributions 2019 - 2021 organic free cash flow per share bar chart
  13. 2Q 2019 Earnings Presentation – BP Plc – slide 13
    Bob Dudley Group Chief Executive
  14. 2Q 2019 Earnings Presentation – BP Plc – slide 14
    BPX Energy acquisition of BHP\'s US onshore assets further upside potential Base case underpinned Purchase price Midstream Upstream
  15. 2Q 2019 Earnings Presentation – BP Plc – slide 15
    Fuels marketing 15% half underlying earnings growth retail customers per day Growth vs 2016 annual non-fuel gross margin
  16. 2Q 2019 Earnings Presentation – BP Plc – slide 16
    Low carbon highlights established renewable energy businesses growing low carbon opportunities Solar Biofuels and bio-power Lightsource BP BP Bunge Bioenergia Venturing and low carbon
  17. 2Q 2019 Earnings Presentation – BP Plc – slide 17
    The BP proposition safer Fit for the future focused on returns
  18. 2Q 2019 Earnings Presentation – BP Plc – slide 18
  19. 2Q 2019 Earnings Presentation – BP Plc – slide 19
  20. 2Q 2019 Earnings Presentation – BP Plc – slide 20
    2Q 2019 summary (1) Replacement cost profit before interest and tax (RCPBIT), adjusted for non-operating items and fair value accounting effects (2) BP estimate of Rosneft earnings after interest, tax and minority interest (3) Finance…
  21. 2Q 2019 Earnings Presentation – BP Plc – slide 21
    UPSTREAM VOLUME UNDERLYING rcpbit rEALISATIONS 2q 2019 VS 1Q 2019 Liquids Gas Higher liquids rEALISATIONSlower exploration write offs Partly offset by Lower gas rEALISATIONS
  22. 2Q 2019 Earnings Presentation – BP Plc – slide 22
    Downstream Underlying RCPBIT fuels lubricants Petrochimicals Total refining environment 2Q2019 VS 1Q2019 Bar chart
  23. 2Q 2019 Earnings Presentation – BP Plc – slide 23
    Rosneft BP Share of underlying net income BP Share of Rosneft dividend dividend paid half yearly dividend bar chart 2017 2018 2019
  24. 2Q 2019 Earnings Presentation – BP Plc – slide 24
    IFRS 16 - 2Q 2019 impact Balance sheet Right of use assets Lease liabilities Operating lease expenses DD&A Interest charge Operating cash flow Capital expenditure Lease Payments Key metrics Gearing Unit production costs…
  25. 2Q 2019 Earnings Presentation – BP Plc – slide 25
    BP strategic Priorities Growing advantaged oil and gas in the upstream Market led growth in the downstream venturing and low carbon businesses across multiple fronts Modernising the whore group

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