energy investments after the fall

8/20/2019 Energy Investments After The Fall

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11/27

Total Cash Flows 2009 - 1H15 ($B)

BP Chevron RDS Total Exxon

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Incremental debt 2009-2Q15 !&$# %!$' !-$( "#$# %,$%

Total debt 2Q15 +%$! "!$& +%$( +'$+ ""$&

Total debt 2009 ",$# !#$% "+$# %'$, ($'

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17/27

2020 ($B)

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