Sustainably Growing Shareholder Value
INCREASING COMPETITIVENESS AND PRODUCTIVITY
Upgrading our portfolio and driving operating and capital efficiencies
EARNINGS GROWTH POTENTIAL 1,2
Billion USD, $60/bbl real Brent and average margins
Mix
Upstream
Product Solutions
50
30
Mix
Upstream
Product Solutions
Volume
Structural
cost
reductions
20
20
10
10
0
Volume
Structural
cost
reductions
2019 2022
2025
2027
See Supplemental Information for footnotes, definitions, and reconciliations.
.
Delivering structural improvements
-
-
- Safety, reliability, and maintenance performance
GHG emissions-intensity reductions
Cost and capital efficiencies
Investing in competitively advantaged projects
―
Guyana, Permian, Brazil, LNG, and Chemical
performance products
Growing high-value products
-
Chemical performance products, biofuels, and lubricants
Maintaining capital discipline and flexibility
•
Progressing divestments of non-strategic assets
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