Board of Directors Meeting

April 13, 2015

• Situational Analysis• Alternative Goals & Plans• Goal & Plan Evaluation• Goal & Plan Selection• Implementation• Monitor & Control

Review

Situational Analysis

• Strengths• Weaknesses• Opportunities• Threats

S.W.O.T. Analysis

Planning for Success

Become a focused oil and gas company that delivers value over volume through:

• Clear Priorities• Quality Portfolio Management• Outlining Distinctive Capabilities

Strategic Plan

• Relentless Focus on Safety• Play to Our Strengths• Stronger and More Focused• Simpler and More Standardized• More visibility and Transparency to Value• Active Portfolio Management• New Upstream projects• Generation of 50% More Operating Cash• Reinvestment• Balance Sheet

Implementation/10 Point Plan

Social Responsibilities

• Ethical Issues• Environmental Clean Up• Economic Diversity

• Legal Issues

Social Responsibilities

• Corporate Social Responsibility• Investing in the Employees Worldwide

Direct spending on educational initiatives in 2014 in millions

Corporate Social Responsibility

Conclusion

• Management in the Years Ahead• Benchmarking• Redevelopment• Impact

Conclusion

References

BP at a Glance. (n.d.). Retrieved 04 15, 2015, from BP Global: http://www.bp.com/en/global/corporate/about-bp/bp-at-a-glance.htmlCode of Conduct. (n.d.). Retrieved 04 13, 2015, from BP Global: http://www.bp.com/content/dam/bp/pdf/code-of-conduct/bp_code_of_conduct_en.pdfDeepwater Horizon Accident. (n.d.). Retrieved 04 13, 2015, from BP Global: http://www.bp.com/en/global/corporate/gulf-of-mexico-restoration/deepwater-horizon-accident-and-response.htmlGulf of Mexico Restoration. (n.d.). Retrieved 04 13, 2015, from BP GLobal: http://www.bp.com/en/global/corporate/gulf-of-mexico-restoration.htmlInvestigations. (n.d.). Retrieved 04 13, 2015, from BP Global: http://www.bp.com/en/global/corporate/gulf-of-mexico-restoration/investigations-and-legal-proceedings.htmlOur Strategy. (n.d.). Retrieved 04 13, 2015, from BP Global: http://www.bp.com/en/global/corporate/about-bp/our-strategy.htmlRestoring the Environment. (n.d.). Retrieved 04 13, 2015, from BP Global: http://www.bp.com/en/global/corporate/gulf-of-mexico-restoration/restoring-the-environment.htmlSupporting Development. (n.d.). Retrieved 04 13, 2015, from BP Global: http://www.bp.com/en/global/corporate/sustainability/society/Supporting-development-in-societies-where-we-work.htmlSustainability. (n.d.). Retrieved 04 13, 2015, from BP Global: http://www.bp.com/en/global/corporate/sustainability/environment.htmlWhat we do. (n.d.). Retrieved 04 13, 2015, from BP Global: http://www.bp.com/en/global/corporate/about-bp/what-we-do.html