石油公司分析報告Big Oil-外文版培訓(xùn)課件2024.7

COMPANIES

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PRODUCTSBigOilCHAPTER

01OverviewLeadingoilandgascompaniesworldwidebasedonmarketcapitalizationasofJune2024(inbillionU.S.dollars)LeadingglobaloilandgasproducersbasedonmarketcapJune2024MarketcapitalizationinbillionU.S.dollars50

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2500300350400450500497.62550ExxonMobil,U.S.Chevron,U.S.284.22PetroChina,China244.41237.31221.92RelianceIndustries,IndiaRoyalDutchShell,UKTotalEnergies,FranceCNOOC,China164.67137.62130.62ConocoPhillips,U.S.ChinaShenhua,ChinaBP,UK118.8699.2398.7288.66ChinaPetroleum&ChemicalCorp.(Sinopec),ChinaPetrobras,Brazil4Description:ExxonMobilhasthehighestmarketcapitalizationofanyoilandgasproducerworldwide.AsofJune14,2024,theUnitedStates-basedcompanyhadamarketcapof497.62billionU.S.dollars.ReadmoreNote(s):Worldwide;asofJune14,2024Source(s):ThomsonReuters;Varioussources(companydata)Brandvalueofleadingoilandgascompaniesworldwidein2024(inmillionU.S.dollars)Leadingoilandgascompanies'brandvalueworldwide2024BrandvalueinmillionU.S.dollars010,00020,00030,00040,00050,00050,30260,000ShellSaudiAramcoPetroChinaSinopec41,56228,50026,651BP18,53317,00916,75415,226TotalEnergiesEquinorAdnocChevron14,80614,561Petronas5Description:Shellhasthehighestbrandvalueofanyoilandgascompanyworldwide.In2024,itsbrandvaluewasestimatedat50.3billionU.S.dollars.ThisputitnotablyaheadofitsBigOilcompetitors,aswellasstate-ownedenterprisessuchasAramco.

ReadmoreNote(s):WorldwideSource(s):BrandFinanceLeadingoilandgascompaniesworldwidebasedonrevenueasof2024(inbillionU.S.dollars)Leadingglobaloilandgasproducersbasedonrevenue2024RevenueinbillionU.S.dollars2024

2023200050100150250300350400450500441.79Sinopec,China*PetroChina,ChinaExxonMobil,U.S.Shell,UK372.52357.01425.26331.46313.9302.18305.57212.55204.96TotalEnergies,FranceBP,UK202.86197.56194.65184.75Chevron,U.S.Phillips66,U.S.148.81133.81148.21MarathonPetroleum,U.S.Valero,U.S.RelianceIndustries,IndiaIndianOilCorporation,IndiaEquinor,NorwayEni,Italy139.66140.09138.64109.48105.5102.73113.0896.51109.066Description:Sinopec(ChinaPetroleum&ChemicalCorporation)istheleadingglobaloilandgascompanybyrevenuesgenerated.Inthe12-monthperiodleadinguptoJuly2024,theChinesestate-ownedenterprisegenerated441.79billionU.S.dollarsinrevenues.ReadmoreNote(s):Worldwide;July4,2024Source(s):FinancialTimesLeadingoilandgascompaniesworldwidebasedonnetincomeasof2024(inbillionU.S.dollars)Leadingglobaloilandgasproducersbasedonnetincome2024NetincomeinbillionU.S.dollars15051020253035ExxonMobil,U.S.PetroChina,ChinaTotalEnergies,FrancePetrobras,BrazilChevron,U.S.32.7822.4821.2620.4320.3CNOOC,ChinaShell,UK18.1118.01ConocoPhillips,U.S.Equinor,NorwayBP,UK10.559.599.537Description:ExxonMobilwastheleadingoilandgasproducingcompanyworldwidebynetincomeasof12-monthrollingdatafromJune2024.ManyoilsupermajorsareamongthemostprofitableoilandgascompaniesafterreboundingfromlossescausedbytheCOVID-19pandemic.BigOilcompanieslikeExxonMobil,BP,andShellrecordedhistoricnetlossesin2020,someforthefirsttimeever,asthecoronaviruspandemicanditseffectonfueldemandmadeitdifficultformanywithintheindustryto[...]

ReadmoreNote(s):Worldwide;RankingcompiledinJune2024basedonarolling12-monthperiod.Source(s):ThomsonReutersCrudeoilandotherliquidsproductionoflargestoilcompaniesworldwidein2023(in1,000barrelsperday)Selectedglobaloilcompaniesbyliquidsproduction2023Productioninthousandbarrelsperday4,000

6,00002,0008,00010,00012,00014,000SaudiAramco(SaudiArabia)PetroChina(China)*ExxonMobil(U.S.)Petrobras(Brazil)Pemex(Mexico)11,5402,5672,4492,2311,8751,8301,5501,4541,3041,115Chevron(U.S.)TotalEnergies(France)Shell(Netherlands)ConocoPhillips(U.S.)BP(UK)Sinopec(China)*7708Description:SaudiAramcoisbyfartheworld'slargestoilcompanybasedondailyliquidsproduction.Inits2023fiscalyear,SaudiArabia'sstate-ownedoilcompanyreportedacrudeoilandassociatedliquidsoutputofsome11.5millionbarrelsperday.Thiswasmorethanfourtimestheamountextractedbyitsclosestcompetitor.ReadmoreNote(s):Worldwide;2023;*FiguresforPetroChinaandSinopeccalculatedusingannualsum.ExceptforSinopec,PetroChina,andPetrobras(whichonlyprovidecrudeoilproductionfigures),figuresreflectallliquidsproduction,includingnaturalgasliquids,condensate,syntheticcrudeoil,andbitumenwhereapplicable.Somefigureswereaddedmanually.Source(s):Aramco;BP;Chevron;ConocoPhillips;ExxonMobil;Pemex;Petrobras;PetroChina;Shell;Sinopec;TotalEnergiesTotalandlow-carboncapitalexpenditureoflargestoilandgascompaniesworldwidein2023(inbillionU.S.dollars)Globaloilandgascompanies'low-carboncapexcomparedwithtotal2023CapitalspendinginbillionU.S.dollarsLow-carbonsources20Total25051015303540451.3BPChevron16.3215.830.62ExxonMobilSaudiAramcoShell26.3342.222.6824.395.88TotalEnergies16.89Description:TotalEnergiesistheoilsupermajorwiththegreatestspendingonlowcarbonsources.Inits2023financialyear,theFrenchcompanyspent5.88billionU.S.dollarsincapitalexpenditureonrenewablesandotherlowcarbonsources,outofatotalspendof16.8billionU.S.dollars.Bycomparison,ExxonMobilonlyspent0.62billionoutof26.33billionU.S.dollars.SaudiAramcodidnotspecifyspendingonlowcarbonsourcesatall,althoughitindicatedproductionandshipmentofblue[...]ReadmoreNote(s):Worldwide;2023Source(s):Aramco;BP;Chevron;ExxonMobil;Shell;TotalEnergiesCHAPTER

02RevenueOperatingrevenueofBPfrom2005to2023(inmillionU.S.dollars)BP'soperatingrevenue2005-2023400,000350,000300,000250,000200,000150,000100,00050,00002005

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202311Description:BPgeneratedanoperatingrevenueof210.13billionU.S.dollarsin2023.Thiswasadecreaseofsome30billionU.S.dollarsfromthepreviousyear.BPisagloballyoperatingoilandgascompanyandcountedamongtheoilsupermajorsorBigOilcompanies-thelargestpubliccompanieswithintheindustry.ItisheadquarteredinLondon,UnitedKingdom.Operatingasaverticallyintegratedcompany,BPisactiveinallareasoftheoilandgassupplychain,fromexplorationtorefining,[...]ReadmoreNote(s):Worldwide;2005to2023;includessalesandotheroperatingrevenues.Source(s):BPOperatingrevenueofChevronfrom2010to2023(inbillionU.S.dollars)Chevron'soperatingrevenue2010-2023300244.3725020015010050235.72230.59220.16200.49198.2196.91158.9155.61139.87134.67129.93110.2694.4720200201020112012201320142015201620172018201920212022202312Description:ChevronCorporationgenerated196.91billionU.S.dollarsinoperatingrevenuein2023.TheCalifornia-basedmultinationalcompany’srevenueexperiencedadecadeofheavyfluctuations,oftenmirroringdevelopmentoftheglobaloilmarket.ChevronhascontinuouslybeenlistedamongthelargestU.S.oilandgascompaniesbymarketvalue.ReadmoreNote(s):Worldwide;2010to2023;Includestotalsalesandotheroperatingrevenues.Includesexcise,value-addedandsimilartaxesSource(s):ChevronOperatingrevenueofEniS.p.A.from2008to2023(inmillioneuros)Eni'srevenue2008-2023140,000120,000100,00080,00060,00040,00020,0000132,512115,419108,082107,690104,11798,21896,61793,71782,37776,57575,82272,28669,88166,91955,76243,9872020200820092010201120122013*2014*2015201620172018201920212022202313Description:Enireportedanoperatingrevenueof93.7billioneurosin2023,downfromanall-timehighofmorethan130billioneurosthepreviousyear.EniisanItalianoilandgascompanyfoundedin1953andconsideredoneoftheoilsupermajors-thelargestpublicoilandgascompaniesintheworld.Apartfromoilandgasextraction,thecompanyisalsoactiveintherefining,chemicalsmanufacturing,andpowergeneratingsector,thusactiveintheentireoilandgassupplychain.Itderivesthe[...]ReadmoreNote(s):Worldwide;2008to2023Source(s):EniAnnualrevenueofExxonMobilfrom2001to2023(inmillionU.S.dollars)ExxonMobil'srevenue2001-2023500,000450,000400,000350,000300,000250,000200,000150,000100,00050,00002001

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202314Description:ExxonMobil'soperatingrevenueamountedtoapproximately344.6billionU.S.dollarsin2023.ExxonMobilisaUnitedStates-basedmultinationaloilandgascorporation.Itranksamongthelargestcompaniesworldwidebasedonrevenuealongsideotherpublicly-tradedsupermajorssuchasShellandBP,aswellasstate-ownedentitieslikeSinopecandSaudiAramco.ReadmoreNote(s):Worldwide;2001to2023Source(s):ExxonMobilRevenueofShellfrom2010to2023(inbillionU.S.dollars)Shell'srevenue2010-2023500470.17467.15451.2445040035030025020015010050421.11388.38381.3368.06344.88316.62305.18264.96261.5233.59180.5402010201120122013201420152016201720182019202020212022202315Description:Shell,formerlyRoyalDutchShell,reportedatotalrevenueof316.62billionU.S.dollarsin2023.Thiswasanotabledecreasecomparedtothepreviousyear,whenthecompanyprofitedfromdecade-highgasandoilprices.Asoneofthelargestoilandgascompaniesintheworld,thecompanyreporteditsgreatestprofitsduringyearswhentheaveragebenchmarkoilprices,suchastheBrentcrude,wereparticularlyhigh.

ReadmoreNote(s):Worldwide;2010to2023Source(s):ShellRevenueofTotalEnergiesfrom2010to2023(inbillionU.S.dollars)TotalEnergies'revenue2010-2023300281257.08257.04251.7325020015010050237.13236.12211.15209.36205.86200.32171.49165.36149.74140.6902010201120122013201420152016201720182019202020212022202316Description:TotalEnergies,formerlyTotalSE,generatedarevenueof237.13billionU.S.dollarsin2023.Thisrepresentedadecreaseincomparisontothepreviousyear.In2022,decade-highoilandgaspricesbuoyedthecompany'sfiscalresultstothehighestvalueintheperiodofconsideration.ReadmoreNote(s):Worldwide;2010to2023Source(s):TotalEnergiesCHAPTER

03NetincomeNetincome/lossofBP2005to2023(inmillionU.S.dollars)BP'snetprofit2005-202330,00020,00010,0000-10,000-20,000-30,0002005

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202318Description:BPreportedanetprofitattributabletoshareholdersof15.2billionU.S.dollarsin2023.Thiswasthecompany'shighestnetincomesince2013.Bycomparison,2020wasthecompany'sleastprofitableyear,asmanyotherswithintheoilandgassectorstruggledwithreducedfueldemandduetothepandemic.ReadmoreNote(s):Worldwide;2005to2023;profitattributabletoBPshareholders.Source(s):BPNetincome/lossofChevronfrom2008to2023(inbillionU.S.dollars)ChevronCorporation'snetprofit/loss2008-20234035.47353026.926.1823.9325201510521.4221.3719.0219.2415.6314.8210.489.24.592.920-0.5-5-5.542020-1020082009201020112012201320142015201620172018201920212022202319Description:ChevronCorporationreportedanetincomeofsome21.37billionU.S.dollarsin2023.In2020,thecompanyrecordedanetlossof5.54billionU.S.dollars,itwasthefirstyearsince2016thatthecompanywasunabletoturnaprofit.Nevertheless,Chevronhascontinuouslyrankedamongtheleadingglobaloilandgascompaniesbynetincome.ChevronCorporationisaCalifornia-basedmultinationalenergycompany.Itisinvolvedineverysegmentoftheoil,gas,andgeothermalenergyindustry.

ReadmoreNote(s):WorldwideSource(s):ChevronNetincome/lossofEniS.p.A.from2008to2023(inmillioneuros)Eni'snetprofit2008-202320,00015,00013,88710,0005,00008,8258,3906,8606,3185,8215,3204,7714,3674,1263,3741,3032014148-1,0512016-5,000-10,000-8,7782015-8,635202020082009201020112012201320172018201920212022202320/statistics/242649/net-income-of-eni-spa-since-2008EniS.p.A.reportedanetprofitofroughly4.77billioneurosin2023.Thiswasadecreasecomparedtothepreviousyear,whenthecompanyreportedarecordnetincomeofnearly14billioneurosfollowingasurgeinnaturalgasandcrudeoilprices.

ReadmoreNote(s):Worldwide;2008to2023;ProfitattributabletoEni’sshareholders.Source(s):EniNetincome/lossofExxonMobilfrom2001to2023(inmillionU.S.dollars)ExxonMobil'snetprofit2001-202360,00050,00040,00030,00020,00010,0000-10,000-20,000-30,0002001

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202321Description:ExxonMobilreportedanetincomeofover36billionU.S.dollarsin2023.TheonlyyearintheperiodofconsiderationthatExxonMobilendedtheyearonanetlosswasin2020.Thiswastheresultoflowertransportationfueldemandandadramaticfallinoilpricesfollowingthespreadofthecoronaviruspandemic.ReadmoreNote(s):Worldwide;2001to2023Source(s):ExxonMobilNetincome/lossofShellfrom2010to2023(inbillionU.S.dollars)Shell'sincomefortheperiod2010-20235042.8740302010031.0926.9623.9120.4720.619.6316.5316.414.7313.444.772.2-10-20-30-21.52020201020112012201320142015201620172018201920212022202322Description:In2023,Shell'snetincomeamountedto19.63billionU.S.dollars.Thisisanoticeabledecreasecomparedtothepreviousyear,whentheAnglo-Dutchcompanyreportedahistoricnetprofitofroughly42.87billionU.S.dollars.HeadquarteredLondon,UnitedKingdom,Shellisnotonlyoneoftheworld’slargestoilandgascompanies,butalsooneofthelargestcompaniesworldwideingeneral.ReadmoreNote(s):Worldwide;2010to2023Source(s):ShellNetincome/lossofTotalEnergiesfrom2010to2023(inbillionU.S.dollars)TotalEnergies'netprofits2010-20232521.3820.53201510515.915.816.0314.313.712.811.511.310.58.68.30-5-7.2-102010201120122013201420152016201720182019202020212022202323Description:TotalEnergies,formerlyTotalSE,reportedanadjustednetincomeofover21.38billionU.S.dollarsin2023,upfrom20.53billionU.S.dollarsinthepreviousyear.2020wastheonlyyearintheperiodofconsiderationthattheFrenchoilsupermajormadeanetloss,causedbythecoronaviruspandemicandsubsequentlockdownsseverelyaffectingoildemand.ReadmoreNote(s):Worldwide;2010to2023;*Adjustedresultsaredefinedasincomeusingreplacementcost,adjustedforspecialitems,excludingtheimpactofchangesinfairvalue.EffectiveJanuary1,2014,TotalEnergieschangedthepresentationcurrency[...]

ReadmoreSource(s):TotalEnergiesCHAPTER

04NumberofemployeesNumberofemployeesofBPfrom2011to2023BP'semploymentfigures2011-2023100,00087,80090,00080,00070,00060,00050,00040,00030,00020,00010,000086,40084,10083,90084,50079,80074,50074,00073,00070,10067,60065,90063,600201120122013201420152016201720182019202020212022202325Description:BPemployed87,800peopleasofDecember31,2023.Between2022and2023,BPhiredmorethan20,000people.Thiswasthesteepestyear-over-yearincreaseintheperiodofconsideration.

ReadmoreNote(s):Worldwide;2011to2023;asofDecember31ofeachyear.Source(s):BPNumberofemployeesofChevronfrom2010to2023Chevron'semploymentfigures2010-202370,00064,60064,70061,50058,26758,28660,00050,00040,00030,00020,00010,000057,37655,20051,90048,60048,15547,73645,60043,84642,5952010201120122013201420152016201720182019202020212022202326Description:ChevronCorporation'sworkforceincreasedto45,600peoplein2023.Thegreatestnumberofemployeesatyearendwasrecordedin2014,at64,7000people.ChevronCorporationisaCalifornia-basedmultinationalenergycompany.Itisinvolvedineverysegmentoftheoil,gas,andgeothermalenergyindustry.ReadmoreNote(s):Worldwide;2010to2023;Allfiguresasofyear-end.Source(s):ChevronNumberofemployeesofEniS.p.A.from2010to2023Eni'semploymentfigures2010-202380,00073,76870,00060,00050,00040,00030,00020,00010,000036,67836,01834,84634,19633,53633,14232,93431,70132,05331,49531,88831,37628,2092010201120122013201420152016201720182019202020212022202327Description:EniS.p.A.wasemployerto33,142peopleasofDecember31,2023.EniisanItalianoilandgascompany,andconsideredanoilsupermajor-oneofthesevenlargestpubliclytradedcompanieswithinthatindustry.EninotablydecreaseditsemploymentnumbersafteritdiscontinueditsE&CandChemicalsegments.ReadmoreNote(s):Worldwide;2010to2023;Employeesatyearend.Source(s):EniNumberofemployeesatExxonMobilfrom2001to2023(in1,000)ExxonMobil'semploymentfigures2001-202312097.910080604020092.588.385.983.783.682.182.180.880.779.976.97575.374.973.57271.17169.66362.361.52001

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202328Description:Thereweresome61,500peopleemployedbyExxonMobilattheendof2023,thiswasthelowestemploymentfiguresintheperiodofconsideration.Since2001,ExxonMobil'sworkforcehasnetdecreased,withthegreatestnumberofemployeesrecordedin2001,at97,900people.ReadmoreNote(s):Worldwide;2001to2023;Numberofactivefull-timeemployeesatyear-end.Source(s):ExxonMobilNumberofemployeesofShellfrom2010to2023Shell'semploymentfigures2010-2023120,000100,00080,00060,00040,00020,00002010201120122013201420152016201720182019*202020212022202329Description:Shell,formerRoyalDutchShell,employedapproximately103,000peopleworldwidein2023.Shellisoneofthetopsixpubliclytradedoilandgascompanies(alsoknownas‘BigOil)worldwide,operatingineverysegmentoftheoilandgasindustry.Itisalsooneofthelargestcompaniesworldwidebyrevenue.ThecompanyisheadquarteredinLondon,UnitedKingdomandwasestablishedthroughamergerofUnitedKingdom-basedShellTransportandTradingCompanyandtheRoyalDutch[...]

ReadmoreNote(s):Worldwide;2010to2023Source(s):ShellNumberofemployeesofTotalEnergiesfrom2010to2023TotalEnergies'employmentfigures2010-2023120,000100,00080,00060,00040,00020,00002010201120122013201420152016201720182019202020212022202330Description:TotalEnergies,formerlyTotalSE,hadaworkforceof102,579peopleasofDecember31,2023.Thisrepresentsanincreaseofthecompany'semploymentfiguresincomparisontothepreviousyear,followinganoverallgrowthtrendsince2008.

ReadmoreNote(s):Worldwide;2010to2023;asofDecember31ofeachyearSource(s):TotalEnergiesCHAPTER

05OilproductionOilproductionofBPfrom2015to2023,byregion(in1,000barrelsperday)BP'soilproduction2015-2023,byregionNorthAmerica2,500AsiaAfricaEuropeAustralasiaSouthAmericaEquity-accountedentities(BPshare)2,0001,5001,000500020152016201720182019202020212022202332Description:BPproducedonemillionbarrelsofoilperdayin2023.ThisrepresentedthelowestproductionvolumeintheperiodofconsiderationandwaslargelytheresultofdivestingofRosneftshares.From2021onwards,NorthAmericabecamethecompany'slargestproducingregion,accountingfor335,000barrelsofdailyoutputin2023.BPisamultinationalcompanyheadquarteredintheUnitedKingdomandactiveinallareasoftheoilandgassupplychain,includingpowergeneration.Its[...]ReadmoreNote(s):Worldwide;2015to2023;includingcondensates.Source(s):BPNetcrudeoilandnaturalgasliquidsproductionofChevronfrom2015to2023(in1,000barrelsperday)Chevron'snetcrudeoilandnaturalgasliquidsproduction2015-2023U.S.productionInternationalproduction2,0001,8001,6001,4001,2001,0008001,0789561,1418315271,1641,2431,2151,204600997888858400790724618501504519200020152016201720182019202020212022202333Description:ChevronCorporationproducedatotalofover1.5millionbarrelsofoilandnaturalgasliquidsperdayin2023.Ofthis,997,000barrelswereproducedinthecompany'shomemarket-theUnitedStates.U.S.productionoutputhasbeenslowlyincreasingintheperiodofconsideration.ReadmoreNote(s):WorldwideSource(s):ChevronProductionofoilandnaturalgasbyEniS.p.A.from2010to2023(in1,000barrelsofoilequivalentperday)Eni'shydrocarbonproduction2010-20232,0001,8151,8711,8511,8161,7601,7591,7331,8001,6001,4001,2001,0008001,7011,6821,6551,6191,6101,5981,58160040020002010201120122013201420152016201720182019202020212022202334Description:EniS.p.A.reportedahydrocarbonproductionvolumeofsome1.66millionbarrelsofoilequivalentperdayin2023.Thiswasanincreaseof45,000barrelsperdaycomparedtothepreviousyear.EniisanItaly-basedoilandgascompany,andconsideredamongtheoilsupermajors-thelargestpubliclytradedoilandgascompaniesintheworld.ReadmoreNote(s):Worldwide;2010to2023Source(s):EniNetliquidsproductionofExxonMobilfrom2014to2023(in1,000barrelsperday)ExxonMobil'snetliquidsproduction2014-20233,0002,4492,5002,0001,5001,0005002,3652,3862,3452,3492,3542,2832,2892,2662,1110201420152016201720182019202020212022202335Description:Multinationaloilandgasproducer,ExxonMobil,producedsome2.45millionbarrelsofliquidsperdayin2023.Thiswasanincreasecomparedtothecompany'sdailyliquidsproductionin2022,whichwas2.35millionbarrels.

ReadmoreNote(s):Worldwide;2014to2023;Figuresrefertonetproductionavailableforsale.Source(s):ExxonMobilOilandnaturalgasliquidsproductionofShellfrom2015to2023(in1,000barrels)Shell'soilandNGLproduction2015-2023Shellsubsidiaries35,861Shellshareofjointventuresandassociates38,259700,00035,58638,326600,000500,000400,000300,000200,000100,000038,35835,98228,95122,98941,220627,276600,186605,576595,539576,170578,924503,971507,581454,32620152016201720182019202020212022202336Description:In2023,Shellproduced507.6millionbarrelsofcrudeoilandnaturalgasliquidsthroughsubsidiariesandfurtheraround23millionbarrelsthroughjointventuresandassociates.Shellisoneofthetopoilandgascompaniesworldwide,operatingineverysegmentoftheoilandgasindustry.ThecompanyisheadquarteredinLondon,UnitedKingdom.ReadmoreNote(s):Worldwide;2015to2023Source(s):ShellLiquidsproductionofTotalEnergiesfrom2010to2023(in1,000barrelsperday)TotalEnergies'liquidsproduction2010-20231,8001,6001,6721,5661,5431,5501,5191,5001,3401,3461,4001,2001,00080060040020001,2711,2371,2261,2201,1671,0342010201120122013201420152016201720182019202020212022202337Description:TotalEnergiesproducedsome1.55millionbarrelsofoilliquidsperdayin2023.Thisresembledaslightincreasecomparedtothepreviousyearandwasthehighestaverageproductionvolumesince2019.

ReadmoreNote(s):Worldwide;2010to2023Source(s):TotalEnergiesCHAPTER

06NaturalgasproductionNaturalgasreservesandproductionofBPfrom2011to2023BP'snaturalgasreservesandproduction2011-2023Reserves

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day201120122013201420152016201720182019202020212022202341659403054597544695441974336845060492394560142467396151848117471751873937060710071467075774486599102792979157101694439Description:BPheld17.5billioncubicfeetinnaturalgasreservesin2023.Bycomparison,itsnaturalgas