BP plc · LSE:BP.
BP — Non-Deal Roadshow (March 2016)
14 slides from BP's roadshow presentation, March 2016
Slide 1: SRI roadshow
SRI roadshow March/April 2016 bp.com/sri
Slide 2: Cautionary statement
Cautionary statement Forward-looking statements - cautionary statement In order to utilize the ‘Safe Harbor’ provisions of the United States Private Securities Litigation Reform Act of 1995 (the “PSLRA”), BP is providing the following cautionary statement. The presentations and the associated slides
Slide 3: Overview of current business environment
Overview of current business environment Short-medium term – oil price Long term – Energy consumption increase • Lower for longer, but not forever • 34% increase 2014 – 2035 • Fossil fuels provide ~60% of growth 3
Slide 4: Overview of current business environment
Overview of current business environment We are taking action to adapt to a lower oil and gas price environment – while maintaining longer- term growth prospects How we are resilient • Integrated business • Balanced portfolio • Balance sheet flexibility 4
Slide 5: Simplification – not compromising safety
Simplification – not compromising safety • Right-size the organisation ‘000 Upstream Headcount(1) 30 • Reduce third party spend Agency 20 • Deflation across contracts Employees 10 • Efficiency of scope and delivery 0 2013 2014 2015 2016 • Influence partner-operated spend $/boe Production cost per ba
Slide 6: Safety and environmental performance
Safety and environmental performance Loss of Primary Containment (LOPC) Recordable injury frequency Greenhouse gas emissions and Process Safety Events (PSE) 70 60 Number of instances 50 40 30 20 10 0 2011 2012 2013 2014 2015 LOPC excl. L48 Tier 1 PSE BP Group Million tonnes of CO2 equivalent America
Slide 7: Key sustainability issues
Key sustainability issues Engage Assess Define 7
Slide 8: Resolution response
Resolution response • Filed at 2015 AGM by a coalition of shareholders, requesting to report more on BP’s preparation for a lower-carbon future. • Supported by the board and 98% of shareholders that voted. • Response integrated into BP’s existing reporting portfolio. 8
Slide 9: The energy challenge and climate change
The energy challenge and climate change BP is playing its part by: • Calling for a price on carbon. • Supplying natural gas. • Investing in renewables. • Pursuing energy efficient operations and products. • Supporting research and partnerships. 9
Slide 10: Portfolio resilience
Portfolio resilience Making sure our business is sustainable – commercially, environmentally and in a lower-carbon future. • A balanced portfolio with flexibility • Dynamic investment strategy • Climate change adaption 10
Slide 11: Human rights – progress in 2015
Human rights – progress in 2015 Implementing BP’s human rights policy; • Human rights clauses in contract templates used by our main procurement groups • Developed standard set of questions that can be used to help screen suppliers • Reviewing new and emerging legislation and requirements − e.g. 201
Slide 12: Remuneration
Remuneration Short-term: annual bonus project fil execution Vv 2016 bonus and equity plans supporting BP’s strategic priorities Safe, reliable and compliant operations Clear priorities Competitive Disciplined choices nancial Source future growth A high-value Quality portfolio Build high-quality down
Slide 13: Key SRI engagement – 2015/16
Key SRI engagement – 2015/16 SRI SRI IIGCC* meeting SRI annual meeting IIGCC meeting webcast roadshow 2015 Q2 Q3 Q4 2016 AGM TIAP** Sustainability Report Oil and Gas IPIECA Paris Puzzle Climate Initiative Technology (OGCI) report Outlook Annual Report Energy Outlook *Institutional Investors Group on
Slide 14: Qs and As
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