BP plc · LSE:BP.
BP — Shareholder Meeting (2007)
9 slides from BP's shareholder meeting presentation, 2007
Slide 1: Lord Browne, Group Chief Executive
Lord Browne Group Chief Executive
Slide 2: 2006: Milestones
2006: Milestones • Reserve replacement 113% • 10 new discoveries • New access: Pakistan, India and Oman • Start-up of 9 new upstream projects • Re-commissioning of Texas City • China’s first LNG receiving terminal (Guangdong) • Significant progress in Alternative Energy • $3bn Whiting refinery inves
Slide 3: Crude oil prices 2000-06
Crude oil prices 2000-06 Dated Brent $ per bbl 80 2006 Avg 70 $65.14 2005 Avg 60 $54.52 +19% 50 40 30 20 10 0 2000 2001 2002 2003 2004 2005 2006 Daily prices Source: Platts quotes
Slide 4: 2006: Financial results
2006: Financial results • Record replacement cost profit $22.3bn • Post tax operating cash flow $28.2bn • EPS: Increased 22% versus 2005 • Divestment proceeds of $6.3bn • Dividend paid 38.4c or 21.104p / share
Slide 5: Challenges of 2006
Challenges of 2006 • Alaska spills • Thunder Horse delays • Allegations of improper trading • Texas City: − Implement Baker panel recommendations − BP committed to becoming an industry leader in process safety
Slide 6: Indicators 1995 - 2006
Indicators 1995 - 2006 1995 2006 Ratio Production (mboed) 1428 3926 2.7 Reserves (bn boe) 8.4 17.7 2.1 Number of countries > 100mbd 3 8 n.a. 1 Market capitalisation ($bn) 47 220 4.6 2 Dividends paid per share (p) 6.3 21.1 3.4 (1) As at 31/12/06 (2) Restated to reflect the subdivision of BP Ordinary
Slide 7: Sustainability
Sustainability • Fundamental to BP • Our values • Mutual advantage • Serve human needs • Respecting communities in which we operate
Slide 8: Climate change
Climate change • Reducing operational emissions • Cleaner products • BP Alternative Energy • Biofuels
Slide 9: Slide 9