BP's strategy presentation was made on Tuesday 3rd March 2009. This file is a video recording of a webcast hosted by Tony Hayward, Chief Executive Officer, Andy Inglis, Head of Exploration and Production and Iain Conn, Head of Refining and Marketing. The presentation discussed BP's forward strategy and was followed by a question and answer session which included their senior level colleagues. Forward Looking Statements - Cautionary Statement This presentation and the associated slides and discussion contain forward looking statements, particularly those regarding growth in the upstream business; turnaround and restoration of earnings and operational momentum in the downstream business; investments in alternative energy; simplification and efficiency in the business; capability building; continuing focus on, and delivery of, safe and reliable operations; benefits from financial momentum; oil and gas prices; refining margins, availability, utilization and cost efficiency; potential benefits of technology programmes; TNK-BP’s capital spending, production, cash flows, costs, tax burden, earnings volatility and profitability; closing the performance gap in refining and marketing; refining profitability, including of Castellon refinery; financial performance of refining and marketing, including delivery of returns and cash flows; capture of revenue benefits; focus on safety, optimization, utilization and cost efficiency in refining; delivery of competitive results from integrated businesses; reduction in geographic footprints; deflation; expected benefits from move to business centres; headcount and cost reductions; solar manufacturing footprint; growth in US wind portfolio; expansion of bioethanol business and development of related technology; investment in hydrogen energy; timing of refineries coming on-stream; capital expenditure; reduction of investments in refining and marketing and alternative energy; production growth and expected sources; focus on cash and capital efficiency; investment in exploration and production; implementation of OMS; timing of projects and impact on production; LNG growth; cash flows; cost reductions and revenue growth; disposal proceeds; distributions and dividend; gearing and cost of borrowing. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that will or may occur in the future. Actual results may differ from those expressed in such statements, depending on a variety of factors, including the timing of bringing new fields on stream; future levels of industry product supply; demand and pricing; operational problems; general economic conditions; political stability and economic growth in relevant areas of the world; changes in laws and governmental regulations; exchange rate fluctuations; development and use of new technology; changes in public expectations and other changes in business conditions; the actions of competitors; natural disasters and adverse weather conditions; wars and acts of terrorism or sabotage; and other factors discussed elsewhere in this presentation.
Filetype: MP4 - Size: 113.59MB - Duration: 1:25:18 m