Upstream Production Increase
Upstream production was around 2.36 million barrels per day, up 2% year-over-year with plant reliability above 95%.
Dividend and Share Buybacks
BP grew its dividend per share by 10% and announced $7 billion of share buybacks, including a $1.75 billion announced recently.
Strategic Progress and New Projects
Significant strategic progress with 10 new FIDs, new access to Iraq and India, and acquiring full ownership of bp bioenergy and Lightsource bp.
Cost Reduction Achievements
Delivered $750 million of structural cost reductions this year.
Trading Performance
Maintained a 4% average uplift to group ROACE over the past 5 years despite lack of volatility, indicating strong trading performance.