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BP plc
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2026 ENERCOM Conference Presentation
| Craig Marshall; Kate Thomson; Murray Auchincloss | Page 4 of 11 |
September 22, 2026
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"2026 ENERCOM Conference Presentation"
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BUILT LIKE AN INDEPENDENT. BACKED BY BP. Scaling Smarter is how bpx converts advantaged acreage into more valuable, capital-efficient production by building capability without adding complexity. Built like an independent Distinct culture, decision-making, and empowerment in the field. Capital allocated well-by-well. We move with the agility of a Lower 48 operator. Backed by bp Owned midstream at the wellhead, supply and trading at the market end. Capital allocated on returns, not raised in public equity markets. A balance sheet that lets us make longer-cycle decisions. Better capital outcomes Every dollar competes on value per acre. Independent data ranks bpx within the top three across every core sub-play. Stronger execution One operating model across three basins. Lower operating risk We own the infrastructure our volumes move through, and the market access at the end of it. 3