Investor Presentaiton
Distinctive strategy being executed
combining top upstream growth and an ongoing portfolio decarbonisation
Selective upstream growth
c.30%
WI production growth
2022-26
c.10 kg CO₂e/boe
Carbon intensity
Exciting development &
exploration options to
continue to enrich pipeline
Portfolio focused on
low cost & low carbon
intensity assets
Disciplined downstream transformation and renewables integration
100 MW
Green H₂ electrolysers
in 2025
270 ktpa
Renewable biofuels
capacity in 2025
Transforming Sines to
ensure its sustainability
as a core strategic asset
Deploying large scale
industrial projects to
drive decarbonisation &
sustain long term value
>80%
renewables capacity
in operation or
construction increase
YoY by 2024
>20%
Commercial Non-fuel
+Low carbon 2023-25
Ebitda growth
Renewables growth to
support integration
across energy value
chain
Reshaping commercial
non-fuel offer to sustain
long term value
3 Investor Presentation
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