Investor Presentaiton
SUPPLEMENTAL INFORMATION
2019 EARNINGS AND CASH FLOW FROM OPERATIONS
2019 EARNINGS
Earnings (U.S. GAAP)
Asset Management
U/S
D/S
CHEM
C&F
TOTAL
14.4
2.3
0.6
(3.0)
14.3
(3.7)
0.0
(3.7)
Tax Items
(0.8)
0.0
(0.0)
(0.3)
(1.1)
Adjustment to 2021 $60/bbl real Brent and 10-year average Downstream and Chemical margins
Earnings, ex. Asset Management and Tax Items and adjusted to 2021 $60/bbl real Brent and 10-year
average Downstream and Chemical margins
(1.5)
0.5
2.7
0.0
1.6
8.4
2.8
3.3
(3.3)
11.2
2019 CASH FLOW FROM OPERATIONS
Earnings, ex. Asset Management and Tax Items and adjusted to 2021 $60/bbl real Brent and 10-year
average Downstream and Chemical margins
Depreciation and depletion
Changes in working capital/other, adjusted to 2021 $60/bbl real Brent
Cash flow from operating activities, ex. Asset Management and Tax Items and adjusted to 2021 $60/bbl
real Brent
11.2
19.0
0.6
30.7
2019 earnings, ex. asset management and tax items and adjusted to 2021 $60/bbl real Brent and 10-year average Downstream and Chemical margins, and 2019 cash flow
from operating activities, ex. asset management and tax items and adjusted to 2021 $60/bbl real Brent are useful to investors to compare 2019 to future time periods on a
comparable price and margin basis.
Billions of dollars unless specified otherwise.
Due to rounding, numbers presented above may not add up precisely to the totals indicated.
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