2021 Corporate Plan Update
Overview of corporate plans to 2027
• Disciplined capital investments held constant at $20-$25 billion per year
• Accelerates investments in high-return advantaged projects, greenhouse gas emission reductions
• New Scope 1 and Scope 2 greenhouse gas emission-reduction plans through 2030 consistent with Paris Agreement pathways
For reconciliation of and other information about non-GAAP measures, please refer to the presentation.
$20-25 B
capital investments per year for 2022-2027
~$35 /bbl
breakeven price to cover cumulative Capex and dividends 2022-2027
>10 %
overall return on portfolio of planned lower-emission investments
20-30 %
reduction in corporate, and 40-50% reduction in Upstream, GHG intensity by 2030
Corporate plan materials