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Our strategy
We are an integrated energy company, one of only a few that can deliver energy at global scale through a decades-long energy transition.
Our purpose is to deliver energy to the world, today and tomorrow.
Our strategy
We plan to grow the upstream, focus the downstream and invest with discipline in transition.
Disciplined investment in transition
Growing the upstream: our oil and gas business
We plan to increase investment to grow production while also growing cash flow, in addition to disciplined expansion of biogas. Maintaining strong and safe operations throughout.
Focusing the downstream: our customers and products business
We are reshaping the portfolio to focus on markets and businesses where we have advantaged and integrated positions. We have clear actions to drive improved performance, including addressing costs in our customers business, and improving operations in refining.
Investing with discipline in transition
We plan to invest with discipline: with selective investment in biogas, biofuels and EV charging, where we see strong demand growth; adopting innovative capital-light partnerships in renewables; and focusing investment on hydrogen and carbon capture projects to support us in decarbonizing our operations, and position us for growth through the next decade.
All while continuing to drive value through our distinctive strengths in trading, technology and partnerships.