Presentation slides and script (pdf, 2.6MB) | Investors - BP
Presentation slides and script (pdf, 2.6MB) | Investors - BP Presentation slides and script (pdf, 2.6MB) | Investors - BP
In regard to Russia, as Rosneft noted last quarter, the work to integrate TNK-BP islargely complete including the Rosneft Board approval of their revised business plan,incorporating the year-to-date acquisitions.In the third quarter Rosneft paid its dividend, declared for 2012, with BP receiving itsshare – around $460 million. This was the first dividend since the transaction wascompleted in March of this year.And following my election to the Rosneft main board of directors in June, I have beenactively participating in the board’s activities, providing perspectives on how thecompany is progressing, including as a member of the board’s Strategic PlanningCommittee.Rosneft is also continuing to implement its strategy, including the acquisition of theremaining equity in Itera and its agreement to purchase gas assets in Yamal fromALROSA and Enel.Finally, most recently, Rosneft has initiated an offer to buy out the minorityshareholders in TNK-BP Holding.We will continue to keep you informed of Rosneft’s progress as it delivers on itsstrategy.BP’s interest in Rosneft enhances our own scale and capability. The effect of this onour key metrics is illustrated in the box at the foot of the slide. You will note how ourequity share in Rosneft takes BP to being a 3.2 million barrel a day company, witharound 17.5 billion barrels of proved reserves. More importantly, this strategicinvestment in Rosneft allows us access to growth opportunities previously19
unavailable to us in Russia, one of the world’s largest producers of oiland gas combined with unparalleled resource potential.We remain excited about what we can contribute from our ownexperience to support Rosneft’s potential and look forward todeepening our involvement wherever we can add value.19
- 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 18 and 19: This slide outlines our financial f
- Page 20 and 21: First an update on the status of le
- 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
In regard to Russia, as Rosneft noted last quarter, the work to integrate TNK-<strong>BP</strong> islargely complete including the Rosneft Board approval of their revised business plan,incorporating the year-to-date acquisitions.In the third quarter Rosneft paid its dividend, declared for 2012, with <strong>BP</strong> receiving itsshare – around $460 million. This was the first dividend since the transaction wascompleted in March of this year.And following my election to the Rosneft main board of directors in June, I have beenactively participating in the board’s activities, providing perspectives on how thecompany is progressing, including as a member of the board’s Strategic PlanningCommittee.Rosneft is also continuing to implement its strategy, including the acquisition of theremaining equity in Itera <strong>and</strong> its agreement to purchase gas assets in Yamal fromALROSA <strong>and</strong> Enel.Finally, most recently, Rosneft has initiated an offer to buy out the minorityshareholders in TNK-<strong>BP</strong> Holding.We will continue to keep you informed of Rosneft’s progress as it delivers on itsstrategy.<strong>BP</strong>’s interest in Rosneft enhances our own scale <strong>and</strong> capability. The effect of this onour key metrics is illustrated in the box at the foot of the slide. You will note how ourequity share in Rosneft takes <strong>BP</strong> to being a 3.2 million barrel a day company, witharound 17.5 billion barrels of proved reserves. More importantly, this strategicinvestment in Rosneft allows us access to growth opportunities previously19
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