Presentation slides and script (pdf, 2.6MB) | Investors - BP

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This slide outlines our financial framework for 2014 and beyond.We continue to expect operating cash flow of $30-31 billion in 2014, representingmore than 50% growth in operating cash flow versus 2011.In line with continued capital discipline, we expectBP’scapitalspendingin2014toremain at around the same level expected for this year, in the range of $24 to $25billion. Beyond that we expect annual gross capital expenditure to be in the range of$24 to $27 billion through to the end of the decade.We are confident in our ability to deliver material growth in operating cash flowsbeyond 2014 coupled with continued capital discipline. This will enable us to growsustainable free cash flow to underpin progressive dividend growth into the future.We expect to divest a further $10 billion of assets before the end of 2015 and to usethe post-tax proceeds for distributions, primarily through share buybacks. Beyond2015 we will continue to actively manage our portfolio for value.And we expect to outline the financial shape of the firm beyond 2014 in an InvestorUpdate on the 4 th March next year.Now let me hand you back to Bob.16
Thanks Brian. I will now turn to the US legal outlook and an update on progress inRussia, before looking at milestones in our business segments.17
Page 2 and 3: Hello and welcome everyone. This is
Page 4 and 5: Thanks Jess and welcome everyone -
Page 6 and 7: So today’s agenda, will follow a
Page 8 and 9: Starting with an overview of the th
Page 10 and 11: −−Higher liquids realisations a
Page 12 and 13: In the Downstream, the third quarte
Page 14 and 15: ThechargefortheGulfofMexicoprovisio
Page 16 and 17: Moving now to cash flow, this slide
Page 20 and 21: First an update on the status of le
Page 22 and 23: In regard to Russia, as Rosneft not
Page 24 and 25: Moving on, let me update you on pro
Page 26 and 27: Our Global Projects Organisation co
Page 28 and 29: This is a brief round-up on a geogr
Page 30 and 31: Now turning to the Downstream.24
Page 32 and 33: The Whiting refinery has continued
Page 34 and 35: These are all examples of the way w

Presentation slides and script (pdf, 2.6MB) | Investors - BP

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