Our reliability in delivering customers our products enables us to play a leading role in stabilizing world petroleum markets and in ensuring that economies around the world have the energy supplies they need to prosper. We intend to achieve excellence in every aspect of our upstream operations. This means innovating and applying leading‐edge technologies in exploration and reservoir management to discover new fields and increase recovery in producing fields. Our maximum sustainable oil production capacity will continue to be maintained at 12 million bpd while we increase our gas production. Unconventional gas will make a significant contribution in our plans to increase gas production.
Our greatest opportunities for growth and diversification will come from the steps we are taking to capture and create value from every hydrocarbon molecule we produce. This will open up opportunities for organic growth and strategic partnerships with leading global firms at home and abroad, create more business for service and materials suppliers in local supply chains, and generate new jobs.
The expansion of our downstream activities will increase our global presence, creating greater sustainable competitive advantage. It will better position us to diversify risk and take advantage of a crude oil placement strategy that provides an optimal balance of geographic exposure between Asia, Europe, and North America.
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