BP plc · LSE:BP.
BP — BP Amoco — Investor Presentation (2000)
18 slides from BP's investor presentation, 2000
Slide 1: IN
7 IN
Slide 2: Sir John Browne
Sir John Browne
Slide 3: BP Amoco: recent announcements
BP Amoco: recent announcements Burmah Castrol Alaskan interests Suspension of court case Cushing Vastar Buyback
Slide 4: BP Amoco/Arco implications
BP Amoco/Arco implications Year of intensive effort Excellent solution Performance and growth Arco Alaska
Slide 5: BP Amoco/Arco implications
BP Amoco/Arco implications Rich portfolio Gas business US coast to coast $1 billion cash savings
Slide 6: Alaska: Sale to Phillips
Alaska Sale to Phillips $6.6 bn in cash Retain existing interests Potential for operational synergies Anticipating FTC agreement
Slide 7: BP Amoco: Gas exposure
BP Amoco: Gas exposure Reserves (tcf) 2 0 1 3.2 5 1 0 12.4 13.9 6.4 Tangguh 5 1.6 3.3 Arco 4.3 2.6 BP Amoco 0 Atlantic/ North UKCS Far East Med America Reserves position #1 #2 > #1 #2 > #1 #9 > #3
Slide 8: US Downstream: Coast to Coast
US Downstream: Coast to Coast Cherry Point Carson Market Share > 0%-10% 10%-20% 20%+ Refineries
Slide 9: US Downstream: Competitive position
US Downstream: Competitive position Gasoline market share % 15 10 5 0 BP BPA + Exxon Citgo Shell Texaco Chevron Amoco Arco Mobil # sites 15500 17500 16000 15000 10000 9000 8000 (approx)
Slide 10: Growth opportunities
Growth opportunities Lower 48 gas Venezuela UK Deep water Gulf of Mexico China
Slide 11: Synergies
Synergies Intend to deliver $1bn originally promised $m pre tax April ’99 March ’00 Upstream: Alaska 200 - Outside Alaska 510 710 710 710 Downstream 110 110 Corporate 180 180 1,000 1,000 One-off costs ca $0.7bn post tax in 2000
Slide 12: The new BP Amoco: regional balance
The new BP Amoco: regional balance pre Arco $58bn* post Arco & Burmah Castrol $71bn* 25 % 43 % 25% 32 47% % 28% N America * Capital Employed UK/Europe (pre goodwill) ROW
Slide 13: The new BP Amoco: sector balance
The new BP Amoco: sector balance pre Arco $58bn post Arco & Burmah Castrol $71bn* 16 % 14% 23 61 % % 27% 59% Upstrea * Capital m Employed Downstrea (pre goodwill) m Chemical s
Slide 14: Shareholder value
Shareholder value Accretive to cash earnings Transactions Target gearing range
Slide 15: Lower 48 USA Upstream
Lower 48 USA Upstream Existing BPA positions ARCO / Vastar production
Slide 16: Share buy-backs
Share buy-backs Subject to AGM approval On-market rolling programme in the US and UK Commencing early May
Slide 17: Performance and growth
Performance and growth Strong base BP/Amoco integration Synergies delivered Agreed bid for Burmah Castrol Arco transaction Performance and Disciplined Growth
Slide 18: IN
7 IN