Investor Presentaiton
UPSTREAM
DELIVERING GROWTH AND VALUE
UPSTREAM OUTLOOK
UPSTREAM PRODUCTION
Mboed
1.69-1.71
1.66
NEW MAIN STARTUPS
3-4% UNDERLYING
CAGR (2023-2027)
2% REPORTED*
COUNTRY
TYPE
ANGOLA
LIQUIDS
AGOGO
ANGOLA
GAS
NGC
CONGO
GAS/LIQUIDS
CONGO LNG
CÔTE D'IVOIRE
LIQUIDS/GAS
INDONESIA
GAS
ITALY
GAS
PROJECT
BALEINE
NORTH & SOUTH HUB
CASSIOPEA
ROBUST ARRAY
OF ADVANTAGED OPPORTUNITIES
DISCIPLINED AND SELECTIVE CAPEX
BREAKEVEN $25/BBL
NEW PROJECTS IRR >20%
LOW CARBON
AND EFFICIENT PLAYER
>30 %
2027 vs 2023
LIBYA
GAS
STRUCTURE A&E - BOURI
UPSTREAM NET GHG SCOPE 1+2
EMISSIONS vs PRODUCTION
Indexed
NORWAY
LIQUIDS
JOHAN C. BALDER X
100
>27
QATAR
GAS
NORTH FIELD EXPANS.
UAE
GAS
DALMA GAS
-65%
2023
2024
2027
CFFO PER BARREL
$/boe
~20
2023
CFFO pre-working capital.
*Net of portfolio.
2027
NEPTUNE ACQUISITION
NET CARBON FOOTPRINT
(scope 1+2) by 2025 (vs 2018)
High-quality and low carbon portfolio with
exceptional strategic and operational fit
2023
2024
Production
2025
2026
Net Emissions
2027View entire presentation