Sustainably Growing Shareholder Value
IMPROVING PORTFOLIO VALUE
Evolving product mix from conventional fuels to higher-value, lower-emission products
REPRESENTATIVE PRODUCT MIX BASED ON USGC AND SINGAPORE
REFINING ASSET PLANS¹
TODAY
MID TERM ~2030
FUTURE POTENTIAL
Biofuels
Lubricants
Chemicals/
chemical feed
Mid-term plans improve competitiveness with higher mix of
biofuels, lubricants, and chemicals
-
Biofuels contribute $700 million of annual earnings by 20272
Future configuration to be implemented as customer
demand evolves
Increase biofuels production with new and existing assets
Shift to chemical feed with integration, repurposing, and lower
gasoline production
Future potential would result in 50% reduction in Scope 1
and 2 emissions³
Distillate
Gasoline
Fuel oil
See Supplemental Information for footnotes and definitions.
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