1、Resilient performance,committed distributionsFinancial summaryFirstFourthFirstquarterquarterquarter$million202420232023Profit for the period attributable to bp shareholders 2,263 371 8,218 Inventory holding(gains)losses*,net of tax(657)1,155 452 Replacement cost(RC)profit*1,606 1,526 8,670 Net(favou

2、rable)adverse impact of adjusting items*,net of tax 1,117 1,465 (3,707)Underlying RC profit*2,723 2,991 4,963 Operating cash flow*5,009 9,377 7,622 Capital expenditure*(4,278)(4,711)(3,625)Divestment and other proceeds(a)413 300 800 Net issue(repurchase)of shares(1,750)(1,350)(2,448)Net debt*(b)24,0

3、15 20,912 21,232 Adjusted EBITDA*10,306 10,568 13,066 Announced dividend per ordinary share(cents per share)7.270 7.270 6.610 Underlying RC profit per ordinary share*(cents)16.24 17.77 27.74 Underlying RC profit per ADS*(dollars)0.97 1.07 1.66 HighlightsResilient financial and operational performanc

4、e:Adjusted EBITDA$10.3 billion;underlying RC profit$2.7 billion;upstream*production grew+2.1%vs 1Q23;start up of new Azeri Central East(ACE)platform in Caspian SeaGrowing shareholder distributions:1Q24$1.75 billion share buyback announced as part of our$3.5 billion commitment for the first half of 2

5、024;Dividend per ordinary share of 7.270 cents Focus on delivering our six priorities:announcement to simplify organizational structure;target to deliver at least$2 billion of cash cost*savings by the end of 2026 Weve delivered another resilient quarter financially and continued to make progress on

6、our strategy.Oil production was up and our ACE platform in the Caspian is now producing.We are simplifying and reducing complexity across bp and plan to deliver at least$2 billion of cash cost savings by the end of 2026 through high grading our portfolio,digital transformation,supply chain efficienc