Highlights 2017
PRODUCTION GROWTH
ROBUST FINANCIAL STRUCTURE
2017 FINANCIAL BALANCE
(€ billion)
MID-DOWNSTREAM ADJUSTED OPERATING PROFIT
(€ billion)
TRIR – TOTAL RECORDABLE INJURY RATE
(total recordable injuries/worked hours) x 1,000,000
EXCELLENCE IN UPSTREAM OPERATIONS
RECORD HYDROCARBON PRODUCTION
1.82 MLN BOE/D
the highest ever level
NET CASH PROVIDED BY OPERATING ACTIVITIES
10 € BLN
up by 32% vs. 2016
NET DISPOSALS
3.8 € BLN
cash-in mainly relating to the Dual Exploration Model
NET BORROWINGS
10.9 € BLN
down by €3.9 bln vs. 2016
ORGANIC CASH NEUTRALITY
57 $/BBL
vs. 60$/bbl target Organic coverage = Capex + Dividend
VOLUMES OF GAS SENT TO FLARING
-68% vs. 2007
in line with long-term target of zero flaring in 2025
FINDING AND DEVELOPMENT COST
10.4 $/BOE
in 2015-2017 vs. 20 $/boe in 2012-2014
A transformation that has made us stronger
Over the past four years, our company has become more streamlined and robust as the result of an integrated strategy that has created value for shareholders by focusing on a diverse range of business areas.
