2022 Corporate Plan Update

December 8, 2022

View the webcast

2022 Corporate Plan Update overview

  • 2X earnings and cash flow growth potential by 2027 versus 20191
  • 2027 production of ~ 4.2 million oil-equivalent barrels per day2
  • Annual capital investments remain at $20-$25 billion through 2027; $23-$25 billion in 2023
  • ~$17 billion in lower-emissions investments, ~15% increase from last year’s plan
  • Up to $50 billion expanded share-repurchase program through 2024, includes $15 billion of repurchases in 2022

For footnotes and reconciliation of and other information about non-GAAP measures, please refer to the presentation.

2 X

earnings and cash flow growth potential by 2027 versus 20191

~500 K

increase in oil-equivalent barrels per day in 2027 vs. 20232

~$17 B

in lower-emissions investments through 2027

Up to $50 B

share repurchases in 2022-2024