Investor Presentaiton
Appendix: reconciliation of non-GAAP measures
Upstream earnings per barrel excluding special items
TOTAL UPSTREAM
2015
2016
2017
2018
2019
TOTAL UPSTREAM
2015-2019
Earnings ($MM)
$(1,961) $(2,537)
$8,150
$13,316
$2,576
Earnings ($MM)
$19,544
Adjustment items:
Asset dispositions
Adjustment items:
310
(70)
760
0
1,200
Asset dispositions
2,200
Other special items¹
Total adjustment items
(4,180)
(2,915)
2,750
(1,590)
(10,170)
Other special items¹
(16,105)
(3,870)
(2,985)
3,510
(1,590)
(8,970)
Total adjustment items
(13,905)
Earnings Excluding Special Items ($MM)²
$1,909
$448
$4,640
$14,906
$11,546
Earnings Excluding Special Items ($MM)²
33,449
Net production volume (MBOED)³
2,539
2,513
2,634
2,827
2,952
Earnings per barrel
$(2.12)
$(2.76)
$8.48
$12.90
$2.39
Net production volume (MMBOE)³
Earnings per barrel
4,917
$3.97
Earnings per Barrel Excluding Special Items
$2.06
$0.49
$4.83
$14.45
$10.72
Earnings per Barrel Excluding Special Items
$6.80
1 Includes asset impairments & revaluations, certain non-recurring tax adjustments & environmental remediation provisions, severance accruals, and any other special items.
2 Earnings excluding special items = Reported earnings less adjustments for asset dispositions and other special items, except foreign exchange.
3 Excludes own use fuel (natural gas consumed in operations).
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