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BP — BP Statistical Review of World Energy 2015 speech slide pack
17 slides from BP's investor presentation, June 2015
Slide 1: BP Statistical Review of World Energy: Energy in 2014
June 2015 bp.com/statisticalreview #BPstats BP Statistical Review of World Energy : Energy in 2014 — After a calm comes the storm ©BP pic. 2015
Slide 2: US shale revolution
US shale revolution bp ie Largest oil producers Mb/d 14 12 10 QO © —US ——Saudi Arabia 2 —Russia 1984 1990 1996 2002 2008 2014 US energy output as share of consumption 100% 90% 80% 70% 60% 1984 1990 1996 2002 2008 2014 BP Statistical Review of World Energy © BP pll.c. 2015
Slide 3: Chinese GDP and energy-intensive sectors
bp Chinese GDP and energy-intensive sectors is Steel lron Cement Annual change, % 20% = 10-year average 16% th ay m2014 12% 8% 4% 0% GDP Source: includes data from China National Bureau of Statistics. BP Statistical Review of World Energy © BP plc. 2015
Slide 4: Energy intensity in China
Energy intensity in China bp Change in energy intensity in China c Annual change, % 15% 10% 5% [\ 0% 5% VA -10% 1970 1981 1992 2003 2014 Primary energy intensity Toe per thousand $2010 GDP 0.8 —China 06 —vUS —OECD 0.4 0.0 1970 1981 1992 2003 2014 Source: includes data from Oxford Economics. BP Stati
Slide 5: Energy and the economy
bp Energy and the economy ee Global energy and GDP growth Energy growth by region in 2014 Annual change, % Annual change, % 8% 4% 2% 0% 2% 4% 6% 4% Africa Middle East 2% S &C America 0% Europe & Eurasia of which EU 10 year average -2% Asia Pacific “A mam Energy intensity —-GDP ——Energy of which Chin
Slide 6: Fuel mix and energy imbalances
Fuel mix and energy imbalances
Slide 7: Oil market in 2014
bp Oil market in 2014 7 Consumption Production Annual change, Mb/d 2.5 2.0 1.5 1.0 05 ae Non-OPEC 0.0 -0.5 10 year 2014 10 year 2014 average average Note: consumption and production totals include biofuels. BP Statistical Review of World Energy © BP pll.c. 2015
Slide 8: Oil inventories and price
Oil inventories and price bp ie OECD commercial inventories Mbbls 2850 2800 2750 2700 2650 2600 2550 2500 Jan-14 © 2010-14 range Aug-14 Mar-15 Dated Brent $/bbl 140 120 100 80 — Annual average 60 40 Feb-11. Mar-12. Apr-13 May-14 Jun-15 Source: includes data from the International Energy Agency © OEC
Slide 9: Refinery runs and spare capacity
Refinery runs and spare capacity
Slide 10: Crude oil differentials
Crude oil differentials bp ie Brent - WTI $/bbl 25 — Annual average 20 15 Jan-13 Aug-13 Mar-14 Oct-14 May-15 WTI-WCS $/bbl 50 — Annual average 40 Jan-13 Aug-13 Mar-14 Oct-14 May-15 Source: includes data from Platts. BP Statistical Review of World Energy © BP pll.c. 2015
Slide 11: Global natural gas markets
bp Global natural gas markets is Consumption growth in 2014 Natural gas spot prices Annual change, % $/mmBtu -12% -8% -4% 0% 4% 8% 25 ——~Asia —UK —-US World 20 Middle East North America 15 Asia Pacific S &C America "0 Africa 8 A. a Europe & Eurasia t 10 year 0 et witist El! average Jan-14 May-14 Sep
Slide 12: EU gas demand and impact of weather
EU gas demand and impact of weather
Slide 13: Natural gas trade flows
bp Natural gas trade flows is EU gas supply Global trade Annual change, Bom Annual change, Bcm 40 120 m= Production m Russia m@ Other = Other pipeline 90 m Russian pipeline (| a LNG 60 30 10 year 2013 2014 -60 average 2004 2009 2014 BP Statistical Review of World Energy © BP pll.c. 2015
Slide 14: Global gas production and the role of the US
Global gas production and the role of the US
Slide 15: China coal
China coal bp ie Annual change, % 10% 8% 6% 4% 2% 0% -2% -4% 2002 2005 2008 Global coal growth ma China mm Rest of world —wWorld 2011 2014 Slowdown of China’s coal demand growth Annual change, % 2.5% 2.0% Slower 1.5% energy growth 1.0% Loss of 0.5% market share 0.0% a 2013 2014 BP Statistical Review
Slide 16: Non fossil fuels
Non fossil fuels bp ie Energy consumption growth Annual change, Mtoe 250 = Fossils 200 = Biofuels 150 m Renewable power ica m Nuclear 60 m Hydro 0 2013 2014 Renewable power growth Annual change, TWh Wind Solar 120 90 Other m= China 60 a US mEU 30 z alll 2010 2014 2010 2014 BP Statistical Review of W
Slide 17: Factors driving slower growth of carbon emissions
Factors driving slower growth of carbon emissions
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