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

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Thanks Jess and welcome everyone - no matter where you are in the world or whattime it is – thank you for joining us.4
July to September this year was another big step in moving towards both ourmedium and long term goals at BP.We are reporting solid results in which the fundamental strength of our businesses isapparent despite the offsetting effects of divestments in the upstream and weakerrefining margins in the downstream.In terms of business outputs we are strongly focused on delivering our 2014operating cash flow objectives and since we last spoke have continued to seemomentum in the business drivers that will deliver this growth.Beyond 2014 we have confidence in our ability to deliver sustainable growth in freecash flow. This will come through continued growth in operating cash from ourunderlying businesses and a strong focus on capital discipline.It underpins our decision today to increase the dividend and gives us confidence thatwe can sustain a progressive dividend policy over the long term.A year ago we also started talking with you about how we are reshaping BP to createa platform for growth that is simpler, more focused and which offers a differentiatedproposition by only investing in a strong pipeline of projects and opportunities thatplay to our strengths. In keeping with this approach we have also announced today acommitment to a further $10 billion of divestments by the end of 2015, from whichproceeds we plan to increase distributions to shareholders, primarily throughbuybacks.5
Page 2 and 3: Hello and welcome everyone. This is
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 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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