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3Q 2019 Earnings Presentation – BP Plc

BP Plc · Oct 29, 2019 · 19 slides

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Slides

  1. 3Q 2019 Earnings Presentation – BP Plc – slide 1
    BP 3Q 2019 Results 29 October 2019 keep advancing BP 3Q 2019 RESULTS 1
  2. 3Q 2019 Earnings Presentation – BP Plc – slide 2
    Craig Marshall Head of Investor Relations BP 3Q 2019 Results keep advancing BP 3Q 2019 RESULTS 2
  3. 3Q 2019 Earnings Presentation – BP Plc – slide 3
    Brian Gilvary Chief Financial Officer BP 3Q 2019 Results keep advancing BP 3Q 2019 RESULTS 4
  4. 3Q 2019 Earnings Presentation – BP Plc – slide 4
    3Q 2019 highlights Resilient quarterly Continued strategic Advancing the results delivery energy transition 2.3 billion Actively managed portfolio Advanced mobility growth underlying replacement including BP Alaska with DiDi in…
  5. 3Q 2019 Earnings Presentation – BP Plc – slide 5
    Environment Brent oil price1 Henry Hub gas price1 Refining Marker Margin2 /bbl /mmbtu /bbl 80 5.0 24 75 20 4.0 70 16 3.0 65 12 60 2.0 8 55 1.0 50 4 45 0.0 0 Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jul Oct (1) Source: Platts…
  6. 3Q 2019 Earnings Presentation – BP Plc – slide 6
    3Q 2019 results summary bn 3Q18 4 2Q19 3Q19 4 Underlying replacement cost profit 3.8 2.8 2.3 3Q 2019 vs 2Q 2019 1 Underlying operating cash flow 6.6 8.2 6.5 Lower liquids and gas realisations 2 Underlying RCPBIT Adverse weather…
  7. 3Q 2019 Earnings Presentation – BP Plc – slide 7
    Sources and uses of cash YTD 2018 organic cash inflows/outflows1 bn YTD 2019 organic cash inflows/outflows bn 21 21 Share buybacks 18 18 Share buybacks 15 15 Dividends3 Dividends3 12 12 Lease payments4 Underlying Underlying 9…
  8. 3Q 2019 Earnings Presentation – BP Plc – slide 8
    Operational highlights Major projects Marketing growth Advantaged 4 start-ups manufacturing BP and Reliance to create 5 Final Investment world-class retail and Record quarterly Decisions aviation partnership in throughput at Whiting…
  9. 3Q 2019 Earnings Presentation – BP Plc – slide 9
    2019 guidance Fourth quarter 2019 guidance Full year 2019 guidance Upstream Organic capital…
  10. 3Q 2019 Earnings Presentation – BP Plc – slide 10
    Medium term financial frame Organic free cash flow per share3 2019 2021 Actual price 55/bbl1 Cost and capital 15-17bn p.a. discipline organic capital expenditure Divestments 10bn through 2019/2020 Gearing 20-30% Current full…
  11. 3Q 2019 Earnings Presentation – BP Plc – slide 11
    Advancing the energy transition A clear approach Consistent with Paris Agreement Framing our future Resilient and Growing our low Reducing flexible portfolio carbon activity set emissions in our operations Strategic priorities…
  12. 3Q 2019 Earnings Presentation – BP Plc – slide 12
    Q&A Brian Gilvary Craig Marshall Chief Financial Officer Head of Investor Relations keep advancing BP 3Q 2019 RESULTS 13
  13. 3Q 2019 Earnings Presentation – BP Plc – slide 13
    Appendix BP 3Q 2019 Results keep advancing BP 3Q 2019 RESULTS 14
  14. 3Q 2019 Earnings Presentation – BP Plc – slide 14
    3Q 2019 summary bn 3Q18 6 2Q19 3Q19 % Y-o-Y6 % Q-o-Q Upstream 4.0 3.4 2.1 Downstream 2.1 1.4 1.9 Other businesses and corporate (0.3) (0.3) (0.3) 1 Underlying business RCPBIT 5.8 4.5 3.7 (36%) (18%) 2 Rosneft 0.9 0.6 0.8…
  15. 3Q 2019 Earnings Presentation – BP Plc – slide 15
    Upstream Volume mboed Underlying RCPBIT3 bn 4000 Group production1 5.0 Non-US US Total 4.0 3.9 3500 4.0 3.4 2.9 3000 Upstream production 3.0 excluding Rosneft 2.1 2500 2.0 2000 1.0 1500 0.0 3Q18 4Q18 1Q19 2Q19 3Q19 3Q18 4Q18 1Q19…
  16. 3Q 2019 Earnings Presentation – BP Plc – slide 16
    Downstream Underlying RCPBIT2 bn 96 % Refining environment Refining availability1 RMM (/bbl) 3Q18 2Q19 3Q19 Fuels Lubricants Petrochemicals Total 14.7 15.2 14.7 2.5 2Q19: 93% 2.1 2.2 2.0 1.9 1.7 3Q 2019 vs 2Q 2019 1.5 1.4 A…
  17. 3Q 2019 Earnings Presentation – BP Plc – slide 17
    Rosneft BP share of underlying net income1 bn BP share of Rosneft dividend2 bn 3 Dividend paid Half yearly dividend 1.0 1.0 0.8 0.8 0.6 0.6 0.4 0.2 0.4 0.0 2017 2018 2019 0.2 0.0 1.1mmboed BP share of Rosneft…
  18. 3Q 2019 Earnings Presentation – BP Plc – slide 18
    IFRS 16 3Q19 impact Balance sheet1 Income statement Cash flow Key metrics Right-of-use assets Operating lease expenses Operating cash flow Gearing 9.0bn 0.6bn 0.5bn 31.7% Lease liabilities DD&A Capital expenditure Unit production…
  19. 3Q 2019 Earnings Presentation – BP Plc – slide 19
    The BP proposition Safe, reliable and Safer efficient execution Growing sustainable free Fit for the A distinctive portfolio fit cash flow and distributions future for a changing world to shareholders over the long-term…

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