CEO Keynote

Bob Dudley- Group Chief Executive BP

CHAIR Thomas Wallin - Editor-in-Chief

Energy Intelligence

#OM2014

DELIVERING ENERGY AND

VALUE IN CHANGING TIMES

Bob DudleyCHIEF EXECUTIVE, BP

Andrew, North Sea

New resources: increasing demand

NON-OECD

1990 2005 2020 2035 1990 2005 2020 2035 1990 2005 2020 2035

POPULATION GDP PRIMARY ENERGYBILLION

NON-OECD

OECD

OECD

NON-OECD

OECD

TRILLION$2011 PPP

BILLIONTOE

8

6

4

2

0

140

120

100

80

60

40

20

0

12

9

6

3

0

#OM2014Source: BP Energy Outlook 2035

1

New resources: oil reserves and energy shares

#OM2014

500

750

1,000

1,250

1,500

1,750

1980 2013

WORLD OIL RESERVES 1980 - 2013BILLIONS OFBARRELS

SHARES OF PRIMARY ENERGY

0%

10%

20%

30%

40%

50%

60%

1965 2000 2035

Oil

Coal

Gas

Hydro

Renewables(INCLUDING BIOFUELS)

Nuclear

Sou

rce:

Sta

tist

ical

Rev

iew

of

Wo

rld

En

ergy

20

14

Sou

rce:

BP

En

ergy

Ou

tlo

ok

20

35

2

New resources: contribution from unconventionals

0

100

200

300

400

500

1970 1983 1996 2009 2022 2035

Non-OECD other

Non-OECD shale

OECD shale

OECD other

BCF/DLIQUIDS SUPPLY BY TYPE GAS PRODUCTION BY TYPE AND REGION

MB/D

0

20

40

60

80

100

120

1990 2005 2020 2035

OPEC NGLs

OPEC crude

Biofuels

Oil sands

Tight oil

Other non-OPEC

#OM2014Source: BP Energy Outlook 20353

#OM2014

New technology:

improving safety

4

#OM2014

New technology:

improving discovery

5

#OM2014

New technology:

improving recovery

6

#OM2014

New technology:

improving recovery

7

#OM2014

New partnerships:

Southern gas corridor

8

#OM2014

New partnerships:

ACG and BTC

9

#OM2014

New partnerships:

Rumaila Operating Organization, Iraq

10

#OM2014

A new era for Mexico

11

#OM2014

New investor proposition

12

#OM2014

Bringing resources, technology

and partnerships together

Tangguh LNG, Indonesia

13

#OM2014

DELIVERING ENERGY AND

VALUE IN CHANGING TIMES

Bob DudleyCHIEF EXECUTIVE, BP

Andrew, North Sea