Acquisition of Maersk Oil
Capitalizing on strengths to secure future growth
Taking advantage of current market conditions
Maintaining discipline to reduce breakeven.
Taking advantage of low-cost environment
- Sanctioning high-return projects
- Adding attractive resources
Increasing leverage to oil price.
Committed to creating shareholder value.
Acquiring an attractive and complementary portfolio
Adding quality assets offering growth in core areas
Mainly conventional OECD assets with strong growth and high margins.
Complementary international portfolio.
Cash flow and earnings accretive from 2018.