Sustainably Growing Shareholder Value
UPSTREAM STRATEGIC PRIORITIES
Delivering earnings growth and emission reductions
STRATEGIC PRIORITIES
2021 PROGRESS
Strengthen portfolio competitiveness
Structural cost reductions, non-strategic divestments
Earnings of ~$16 billion, highest since 2014
Reduced structural costs by ~$3 billion versus 2019
~$1.5 billion of divestments; evaluating additional opportunities1
Execute industry-leading development portfolio
Guyana, Permian, Brazil, and LNG
Increased Guyana resource to more than 10 Boeb
Grew Permian volumes by ~100 Koebd²
Near-term LNG investments on schedule
Reduce GHG emissions
New 2030 plans, Permian net-zero
Achieved 2025 emissions intensity-reduction plans in 20213
Established new 2030 GHG, flaring, and methane-reduction plans4
Developed plans for Permian net-zero GHG emissions by 20305
See Supplemental Information for footnotes and definitions.
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