Nick Walker

We sanctioned 10 projects last year, and the break-even price on those projects was $30 a barrel.

Så hvis vi fortsetter å drive ned kross, være effektive, gjøre robuste projekter, kan vi produsere og gjøre verdier gjennom sykler.

Men det du kommer til å se, og det vi har styrt, er at vi faktisk investerer for lang tid.

Du kommer til å se oss kunne produsere større for lenger, og det er drivet av å investere i alle disse mulighetene.

And so we'll update that on that in a capital markets day.

But actually, if you look over the last few capital markets days, we've shown a progression on the outlook on production, lifting it and extending it.

And I think you're going to see the same again.

Of course, if we can maintain a resilient company that has low cash flow break-even projects, and we can extend production higher for longer, that's the key to being able to deliver cash flow for longer and dividends for longer.

And so that's the focus of the company.

Hva jeg sa en år siden var at vi måtte sanksjone 25 prosjekter til å møte 350-400 til 2030.

Men faktisk har prosjektene stiget gjennom ulike eksplosjoner og andre ting.

And the scale of our resources has grown.

And so we continually make the business better.

I think what you're going to see is that last year we more than replaced our production with new resources, which means that we're sustaining the business and growing.

And I think we're going to be able to show that we're doing more of that.

And that principally relies on the quality of the asset base we have.

We're in all of the big fields, most of the big fields.

We've got a lot of exploration acres, we've got a lot of discovered resource, which we're still maturing and understanding.

And the reality is we have around 3 billion barrels of resource in our business, but only 40% of that is developed.

So there's a massive opportunity just to turn that upside into value, and that's really what we're about.