Delivering Value From Our Assets
NATURAL RESOURCES
DELIVERING VALUE FROM OUR ASSETS
ADJ. EARNINGS PRE-TAX | € BLN
5.8
5.6
5.3
0.9
1.1
4.4
3.5
1.4
3.4
2.9
1.1
5.4
4.7
4.7
3.5
54
3.1
2.8
2.3
1Q 2022
2Q 2022
3Q 2022
■ E&P
4Q 2022
■GGP
1Q 2023 2Q 2023
3Q 2023
SCENARIO DOWN Y/Y,
STABLE Q/Q
REALISATIONS: −17% Y/Y; +7% Q/Q
BRENT: -14% Y/Y, +11% Q/Q
PSV: -83% Y/Y, -9% Q/Q
E&P
PRODUCTION GROWTH
+1% Q/Q, +4% Y/Y
IN LINE WITH FY GUIDANCE
EBIT RESILIENT IN A LOWER
SCENARIO
INCLUDING JV/ASSOCIATES
EBIT PRO-FORMA ADJ € 3.4 BLN
PRODUCTION 1.64 MBOED IN 3Q +4% YOY GROWTH
KAZAKHSTAN, INDONESIA PLUS ALGERIA HIGHER ACTIVITIES, MOZAMBIQUE
RAMP-UP AND CÔTE D'IVOIRE START-UP
HIGHGRADING UPSTREAM PRODUCTION PORTFOLIO
OPTIMIZING AND ALIGNING CONTINUED ASSET OPTIMIZATIONS OF THE GAS
ASSET PORTFOLIO
GGP SECURED OPPORTUNITIES DESPITE TIGHTER SPREADS AND SOME
MAINTENANCE IN INFRASTRUCTURE
4
GGP
ADDED 6.5 BCM/Y (AT PLATEAU)
OF CONTRACTED LNG VOLUMES
FOR CONGO, INDONESIA, QATAR
9M EBIT +29% YOY
2023 GGP EBIT GUIDANCE
CONFIRMED AT € 2.7-3.0 BLNView entire presentation