Sustainably Growing Shareholder Value
REFINING INVESTMENT PORTFOLIO SUPPLEMENTAL
Site
Project
Region
Old Model1
Rotterdam
Advanced Hydrocracking
NW Europe
Hydrocracking/Coking
Project Changes
No change to crude input
+20 KBD Group II Basestocks
+20 KBD Clean Distillates
New Model²
Equity
Capacity³
Potential advantage vs old model
at 2010-19 average margins4
Hydrocracking/coking/lubes
192
$4/Bbl
Antwerp
Coker & Heavy Up
NW Europe
Hydroskimming (TR)
Low Fuels Conversion
No change to crude input
Cracking/coking
307
$3/Bbl
-50 KBD Fuel Oil
High Conversion
+20 KBD Clean Distillates
Beaumont
Permian Crude Processing
U.S. Gulf Coast
Coking
High Conversion
+250 KBD Crude, -100 KBD imported Feedstocks
+20 KBD Gasoline
Coking
High Conversion
616
$1/Bbl
+100 KBD Clean Distillates
Fawley
Diesel Hydrotreating
NW Europe
Cracking (TRC)
Medium Conversion
No change to crude input
-10 KBD Gasoline
Cracking (TRC)
Medium Conversion
262
$1/Bbl
+30 KBD Clean Distillates
Singapore
Advanced Hydrocracking
Singapore
Hydroskimming
Low Fuels Conversion
No change to crude input
-90 KBD Fuel Oil
Hydrocracking/coking/lubes
592
$2.3/Bbl
High Conversion
+20 KBD Group II Basestocks, +50 KBD Clean Distillates
Strathcona
Lower-Emission Fuels
Chicago,+Crude
location advantage
Cracking (TRC)
No change to crude input
Cracking (TRC)
133
$5/Bbl
Medium Conversion
+20 KBD Renewable Diesel
See Supplemental Information for footnotes and definitions.
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