Sustainably Growing Shareholder Value
EXPLORATION
UPSTREAM VENTURES
UPSTREAM RESEARCH
See Supplemental Information for definitions.
CORPORATE SSHE
DEVELOPMENT
GLOBAL SERVICES & CORPORATE FUNCTIONS
2016: FUNCTIONAL COMPANIES
2022: DELIVERING SOLUTIONS
PRODUCTION
XTO
EVOLVING OUR MODEL TO STRENGTHEN COMPETITIVENESS
Streamlining organizations increases effectiveness and drives efficiencies
GAS & POWER MARKETING
TECH & ENG
REFINING & SUPPLY
FUELS & LUBRICANTS MARKETING
CHEMICALS
UPSTREAM
PRODUCT SOLUTIONS
TECHNOLOGY AND ENGINEERING
GLOBAL OPERATIONS AND SUSTAINABILITY
GLOBAL PROJECTS
GLOBAL SERVICES & CORPORATE FUNCTIONS
LOW CARBON SOLUTIONS
•
Enabling ~$9 billion of annual
structural cost reductions by 2023
versus 2019
Streamlining organizations across
value chains
Increasing line-of-sight to markets
Delivering improved decision.
making, speed, and end-to-end
ownership of results
Centralizing core capabilities to
increase effectiveness and to
reduce costs
7View entire presentation