results_slides_feb2003_ppt00_1264[1].pptVIP免费

ByronGrote4thquarter&2002Thispresentationandtheassociatedslidesanddiscussioncontainstatements,particularlythoseregardingacquisitions,availability,capacity,capitalemployed,capitalexpenditure,cashflows,costs,savings,debt,demand,depreciation,divestments,dividends,earnings,efficiency,gearing,growth,improvements,investments,margins,markets,performance,prices,production,productivity,profits,realisations,reserves,results,returns,revenues,sales,sharebuybacksspecialandexceptionalitems,strategy,synergies,taxrates,trends,value,volumes,theeffectsofBPmergerandacquisitionactivity,whichareormaybeforwardlookingstatements.Actualresultsmaydifferfromthoseexpressedinsuchstatements,dependingonavarietyoffactorsincludingfuturelevelsofindustryproductsupply;demandandpricing;politicalstabilityandeconomicgrowth;developmentanduseofnewtechnology;actionsofcompetitors;andnaturaldisasters,warsandactsofterrorism.Statementsanddatacontainedinthispresentationandtheassociatedslidesanddiscussions,whichrelatetotheperformanceofBPinthisandfutureyears,representplans,indicatorsorprojections.Unlessotherwisemadeclear,referencestofinancialmeasuresaretosuchmeasurescalculatedonaproformabasis,whichinthecaseofpastperformancehavebeenadjustedforspecialitems.February20034Q013Q024Q0220022001averagerealisations17.7224.4024.78liquids$/bbl22.6922.502.282.252.87naturalgas$/mcf2.463.30indicatormargins2.401.982.76refining$/bbl2.114.06112120100*petrochemicals$/te102*109tradingenvironment*provisionalFullYear%changeresultsforthefourthquartervs4Q01proforma$2.6bn49%reported$1.7bn140%netcashfromoperatingactivity$6.2bn12%dividend6.25¢/share9%ROACE(proforma)14.8%%changeresultsfortheyearvs2001proforma$8.7bn(25)%reported$4.7bn(43)%netcashfromoperatingactivity$19.3bn(14)%dividend24¢/share9%ROACE(proforma)13.0%financialresults2001gaspricesrefiningmarginotherenvironmenteffectsunderlyingimprovementinterestexpense20022002vs2001varianceproformabasis$bnRCP$1.2bnpre-tax$0.8bnpost-tax02468101214sourcesofunderlyingimprovementproformabasis$bnpre-taxfeb2002estimate2002resultupstream0.60.2gas,power&renewables00refining&marketing0.40.4petrochemicals0.60.6overview(0.2)0total1.41.2$bnpre-taxspecialandexceptionalitems(4)(3)(2)(1)019697989900010224Q2002specials:(0.6)disposalsin2002:0.3disposalsin2003:(1.2)(1.5)051015202530tax,interest&msiorganiccapexbuybackssourcesusessourcesuses20012002acquisitionsdividends22.4operationsdisposals19.3sourcesandusesofcash13.313.4$bn20012002dividenddeclared(¢/UKshare)1Q5.255.752Q5.506.003Q5.506.004Q5.756.25buybacks1281750($millions)proformataxrate35.4%34.7%proformagearing*29.5%27.5%financialframework*proformagearing=netdebt/(netdebt+equity-acquisitionadjustment)