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Performing while transforming

“I want to reassure you that – as committed as I am to this transformation – I am equally committed to some fundamental principles that have served us well.”

Bernard Looney, chief executive officer

First, our commitment to safe and reliable operations remains unchanged.

Safety will always be our core value and I believe our new structure will strengthen safety performance.


And second, our investor proposition remains unchanged – and will remain unchanged in September.


This includes our commitment to:

  • Growing sustainable free cash flow and distributions to shareholders over the long term.
  • Maintaining a strong financial frame – including the focus on deleveraging of the balance sheet and capex staying within a disciplined frame of $15-$17 billion.
  • Delivering on our 2021 free cash flow targets.
  • And staying focused on costs, driving waste out of the system and pursuing efficiencies.