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…
Brian Gilvary Chief Financial Officer
Environment Brent oil price Henry Hub gas priceRefining Marker Margin
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…
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…
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…
Medium term financial frame cost and capital discipline divestments gearing returns distributions 2019 - 2021 organic free cash flow per share bar chart
Bob Dudley Group Chief Executive
BPX Energy acquisition of BHP\'s US onshore assets further upside potential Base case underpinned Purchase price Midstream Upstream
Fuels marketing 15% half underlying earnings growth retail customers per day Growth vs 2016 annual non-fuel gross margin
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
The BP proposition safer Fit for the future focused on returns
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…
UPSTREAM VOLUME UNDERLYING rcpbit rEALISATIONS 2q 2019 VS 1Q 2019 Liquids Gas Higher liquids rEALISATIONSlower exploration write offs Partly offset by Lower gas rEALISATIONS
Downstream Underlying RCPBIT fuels lubricants Petrochimicals Total refining environment 2Q2019 VS 1Q2019 Bar chart
Rosneft BP Share of underlying net income BP Share of Rosneft dividend dividend paid half yearly dividend bar chart 2017 2018 2019
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…
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