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

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