BP plc · LSE:BP.

BP — FY2000 Earnings Presentation

8 slides from BP's earnings presentation, Feb 13, 2001

  1. Slide 1: Presentation to the Financial Community

    bp Presentation to the Financial Community Tuesday 13th February 2001 1

  2. Slide 2: Record Results in 2000

    Record Results in 2000 4Q99 3Q00 4Q00 $ million 2000 1999 RC profit, before exceptional items 2,123 3,796 4,090 - Adjusted proforma 14,203 6,206 10.9 16.9 18.2 - per ordinary share (cents) 65.6 32.0 1,684 2,947 2,799 - Reported 11,214 5,330 BP average realisations 22.70 27.84 28.08 Oil $/bbl 26.63 1

  3. Slide 3: Results up in a Strong Environment

    Results up in a Strong Environment $bn 1 8 1 6 1 4 1 2 Reported 1 income* 0 Underlying improvement 8 Environment change Portfolio 6 changes 04 1999 Arco/ Other Oil Gas R&M ChemicalsVolumes Cash Non- Tax 2000 Castrol Portfolio Prices Prices Margins Margins Costs Cash Interest Costs Other *Proforma re

  4. Slide 4: Quarterly Results Growing

    Quarterly Results Growing ¢/share $/bbl 2 4 0 ¢/ 0 share Realised oil price 1 3 5 0 1 2 0 0 5 1 0 0 0 4Q9 1Q9 2Q9 3Q9 4Q9 1Q0 2Q0 3Q0 4Q0 8 9 9 9 9 0 0 0 0 Proforma results excluding specials and exceptionals 4 Source: BP Data

  5. Slide 5: Returns Rising on Growing Capital Employed

    Returns Rising on Growing Capital Employed % and $/bbl 3 0 ROACE % Realised oil 2 price 0 1 0 0 1Q9 3Q9 1Q9 3Q9 1Q0 3Q0 8 8 9 9 0 0 Avg Cap 1998 1999 2000 Empl $57bn $59bn $71bn Returns and capital employed on proforma basis 5 Source: BP Data

  6. Slide 6: Distributions

    Distributions Declared dividends: 20.5¢ per share $1.23 per ADS $4.6bn in 2000 Share repurchases: 1% of equity base* $2bn in 2000 *0.75% net of employee share issues 6

  7. Slide 7: Pre Tax Special and Exceptional Charges

    Pre Tax Special and Exceptional Charges $m 100 0 0 (5) - 100 0 - 200 0 - 300 0 - 400 '9 '9 '9 '9 '0 0 6 7 8 9 0 7 Source: BP Data

  8. Slide 8: Cash Flow

    Cash Flow Sources and uses of cash $bn 3 0 Net Debt Pro Forma $bn Gearing 1999 13.0 22.7% 2000 19.4 27.1% 2 0 Sources Uses 1 0 0 Operations Divestments Acquisitions Organic Dividends & Net Cash Capex Buybacks 8 Source: BP Data

BP — FY2000 Earnings Presentation on 6ix