Investor Presentaiton
SUSTAINABLY GROWING SHAREHOLDER VALUE
Positioned to capitalize on opportunities across broad range of market conditions and energy transition scenarios
STRATEGIC PRIORITIES
Leading earnings and
cash flow growth
Maintaining a strong
balance sheet
Highest earnings among international oil companies in 20211
Upgrading portfolio through competitively-advantaged investments and mix improvements
Driving operating and capital efficiency to improve resiliency through the cycles
Potential to double earnings and cash flow by 2027 versus 2019
Strong investment-grade rating
Fast approaching low end of targeted debt-to-capital range (20-25%)
Expecting >$2 billion of further debt reduction in 2022
Growing shareholder
distributions
Paid $15 billion in dividends to shareholders in 2021
39 consecutive years of annual dividend growth
Recently initiated a $10 billion share-repurchase program
See Supplemental Information for footnotes and definitions.
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