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BP — Statistical Review speech slide pack
29 slides from BP's investor presentation, June 2013
Slide 1: BP Statistical Review of World Energy
BP Statistical Review of World Energy June 2013 bp.com/statisticalreview Energy in 2012 — - Adapting to a changing world Vj Hite eo 5 = ( \
Slide 2: BP Statistical Review of World Energy
BP Statistical Review of World Energy June 2013 bp.com/statisticalreview Energy in 2012 — - Adapting to a changing world Vj Hite eo 5 = Christof Ruhl, Group Chief Economist \
Slide 3: Outline
bp Outline i Introduction 2012 in long-term context Fuel by fuel Concluding remarks BP Statistical Review of World Energy © BP 2013
Slide 4: Energy in 2012
bp Energy in 2012 i Energy and GDP Energy growth by region Annual change, % Annual change, % 4% Africa 3% Asia Pacific 2% Middle East 1% S&C America SS 0% I Europe & Eurasia 1d year average -1% North America -2% GDP Energy Intensity -3% 0% 3% 6% Source: includes data from Oxford Economics BP Statist
Slide 5: Long-term energy trends
bp Long-term energy trends oe: Primary energy demand Energy and GDP in 2012 Btoe Annual change, % 5 Non-OECD OECD —0OECD WA 8% 6 ~Non-OECD 6% _ 4% 5 2% 4 0% 3 -2% 1992 1996 2000 2004 2008 2012 GDP Energy GDP Energy Source: includes data from Oxford Economics BP Statistical Review of World Energy © B
Slide 6: Reserves and production
Reserves and production bp Oil reserves Gas reserves Trillion bbls Tem 2.0 = Other aa = North America 18 a FSU 200 12 m OPEC 150 0.8 100 0.4 50 0.0 0 1982 1992 2002 2012 1982 1992 2002 2012 Energy production growth in 2012 Mtoe -100 -50 O 50 100 150 Asia Pacific Mf North America — Africa = Middle Ea
Slide 7: Energy prices
bp Energy prices oe: Inflation adjusted prices 2012 price changes $2012/boe, monthly Annual change, % 150 20% — Oil (Brent) 10% i —Gas basket — 0% 90 Coal basket 9 -10% 60 -20% * tha JIE NN “30% 0 -40% 1992 1996 2000 2004 2008 2012 Oil (Brent) Gas Coal basket Source: includes data from ICIS Heren En
Slide 8: The evolving fuel mix
bp The evolving fuel mix oe: Shares of global primary energy 2012 energy consumption changes Annual change, Mtoe aia 400 m Renewables 40% 300 m Nuclear ale —@____ 200 mien 100 mCoal 20% ____ 0 m Gas ea -100 mOil 0% ail -200 1972 1982 1992 2002 2012 Non-OECD OECD BP Statistical Review of World Energy
Slide 9: The oil market in 2012
The oil market in 2012 bp ie The price of oil $/bbl 150 100 50 — Dated Brent —Annual averages 0 2009 2010 2011 2012 Source: includes data from Platts Production and consumption growth Annual change, Mb/d 2 m Production mu Consumption | 0 i i 2011 2012 BP Statistical Review of World Energy © BP 2013
Slide 10: Oil production in 2012
Oil production in 2012 Largest changes Mb/d -1.0 -0.5 0.0 0.5 1.0 ee US mi Non-OPEC Libya mm OPEC Iraq Kuwait Norway UK Syria Iran bp ie Supply disruptions Annual loss, Mb/d 1.5 = = Ea m Yemen 1.0 m Syria nm Libya 05 ulran m= Sudan 2011 2012 BP Statistical Review of World Energy © BP 2013
Slide 11: US oil supply: cause and effect
US oil supply: cause and effect
Slide 12: Emerging oil trade patterns
bp Emerging oil trade patterns oe: Net oil imports Adjustment to 2012 disruptions Mb/d Change in trade, Kb/d 15 - 3 US EU China 200 100 0 100 200 Spain 10 Italy Germany 5 Japan India China 0 1992 1997 2002 2007 2012 clran m Saudi Arabia = Libya BP Statistical Review of World Energy © BP 2013
Slide 13: Oil consumption in 2012
Oil consumption in 2012 bp ie Largest changes Kb/d -400 -200 0 200 400 600 China Japan India S. Arabia Iran France UK Spain Italy = Non-OECD US m OECD Growth by product type Kb/d 600 _ tl Middle 400 distillate 200 tl Gasoline 0 —10 year average -200 -400 Non-OECD OECD BP Statistical Review of World
Slide 14: Oil consumption and mobility
Oil consumption and mobility
Slide 15: Oil inventories
Oil inventories 2800 2750 2700 2650 2600 2550 2500 OECD commercial inventories Mbbls mm 2007-11 range —=2012 ——2013 Mar May Jul Sep Nov bp ie m China SPR Inventory increases in 2012 m@ China other m OECD m Saudi Arabia crude i Other non- OECD Source: Includes data from the International Energy Agenc
Slide 16: Refining margins and capacity
Refining margins and capacity
Slide 17: Crude run rebalancing and product stocks
Crude run rebalancing and product stocks
Slide 18: Global natural gas balance
Global natural gas balance bp ie Global growth in 2012 Annual change, Bem -20 0 20 40 N. America Asia Pacific Middle East Other FSU = Consumption EU m= Production International gas prices $/mmBtu 24 Average Japanese import price 290 UK NBP US Henry Hub 16 12 8 4 0 Jan-10 Jan-11 Jan-12 Jan-13 Source:
Slide 19: US natural gas production
bp US natural gas production oe: Production growth Rig count Annual change, Bem Count HD i Other 2500 60 m Shale gas m Associated aud 30 = 1500 0 1000 -30 500 -60 0 2011 2012 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Source: includes data from Energy Information Administration and Baker Hughes BP Statistic
Slide 20: US coal to gas switching
US coal to gas switching i Natural gas consumption growth Power generation 309 9 a Average gas price (RHS) ah 15% 6 Industrial 0% Pi i a 3 Residential -15% 0 2002- 2007- 2011 2012 10 year average 2012 2007 2012 Source: includes data from Energy Information Administration and Platts BP Statistical Re
Slide 21: Natural gas trade
Natural gas trade bp a LNG and pipeline trade Annual change, Bem 9 40 Trade share of 3% consumption (RHS) 33% 30 t 20 . 31% 3 10 g 29% oa 0 27% -10 25% 10 year 2011 2012 average LNG exports Annual change, Bem m10 year average m™2012 Indonesia = Malaysia Egypt Yemen Nigeria Australia Qatar 5 0 5 10 B
Slide 22: European gas-coal competition
European gas-coal competition
Slide 23: The coal market in 2012
The coal market in 2012 Coal consumption in China / 1 9 Annual change > inual change, % mas Share of world BR crow 10% 5% 0% 5% 1992 1996 2000 2004 2008 2012 60% 45% 30% 15% 0% Largest changes outside China in 2012 I Annual change, Mtc India EU Japan Indonesia Russia Australia US toe -10 0 10 20 30
Slide 24: Hydro, other renewables and nuclear
Hydro, other renewables and nuclear
Slide 25: Renewables in power generation
bp Renewables in power generation i Annual change, % 9 24% Wind 20% m Solar m Other 16% 12% 8% 4% 0% Contributions to growth 2008 2009 2010 2011 2012 8% 6% 4% 2% 0% Renewables share of power —World —oOECD ~Non-OECD 1992 1997 2002 2007 2012 BP Statistical Review of World Energy © BP 2013
Slide 26: Carbon emissions
bp Carbon emissions oe: Global emissions from energy use Largest emission changes in 2012 BtCO, Mtco, 40 600 30 400 200 20 Non-OECD 0 OECD -200 0 -400 1992 1997 2002 2007 2012 China India Japan EU US BP Statistical Review of World Energy © BP 2013
Slide 27: Carbon emissions by fuel: US and EU
bp Carbon emissions by fuel: US and EU oe: US EU 2012 change, MtCO, Total Oil Gas Coal Effect of*: Renewables Renewables Hydro & Nuclear Hydro & Nuclear -300 -200 -100 0 100 -300 -200 -100 0 100 * The net effect of changes in non-fossil fuels in power on emissions, based on 2011 shares of fossil fue
Slide 28: Conclusion
bp Conclusion i Energy in 2012 ¢ Fundamental adjustment — And short-term aberrations ¢ Market and price driven -— Sometimes with surprises ¢ Policy matters BP Statistical Review of World Energy © BP 2013
Slide 29: BP Statistical Review of World Energy
BP Statistical Review of World Energy June 2013 bp.com/statisticalreview Energy in 2012 — Adapting to a changing world Join the conversation Use #BPstats a ( \