Investor Presentaiton
POISED FOR SIGNIFICANT GROWTH IN SHAREHOLDER DISTRIBUTIONS
Cumulative cash generation potential of ~$100 billion in excess of Capex and dividends.
CUMULATIVE ESTIMATED SOURCES & USES OF CASH (2022-2027)1,2
Billion USD
300
Real Brent
price ($/bbl)
$60
•
Structural cost reductions, upgrading portfolio, and capital
efficiency and discipline drive free cash flow growth
Debt-to-capital ratio at 21%; expect further debt reduction of
more than $2 billion in 2022
200
100
$50
Free
cash flow
Cash available for
debt reduction
and increased
shareholder
distributions
0
CFO/asset
sales
PP&E /I&A Existing dividend Available cash
See Supplemental Information for footnotes and definitions.
•
Initiated $10 billion share-repurchase program
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