“with firm plans to improve them to $35 per barrel by 2027 and $30 per barrel by 2030.”

In context

“of structural cost savings. To further high grade our portfolio, we sold $1.8 billion of assets in the quarter, driven by divestments in the upstream. We've also completed the $5 billion of incremental divestments we laid out at the Corporate Plan update in December, and we'll continue to actively manage our portfolio and evaluate opportunities to further high grade where it makes sense. Since 2019, we've sold $24 billion of non-core assets, strategically reshaping our portfolio and growing earnings power. Taken together, the strategic choices and investments we've made since 2019 have strengthened our quarterly earnings power by $4 billion at current prices and margins. Our ongoing transformation to become a more efficient company with a lower cost of supply is driving lower break evens with firm plans to improve them to $35 per barrel by 2027 and $30 per barrel by 2030. Importantly, we're lowering break evens the right way by growing earnings power and cash flow, not slashing capital investments which are the foundation for value growth in our business. Prudently investing in advantaged opportunities across price cycles was key to doubling earnings since 2019 and is critically important to growing cash flow $30 billion by 2030. Our ability to successfully deliver large-scale attractive investments at or below cost and often ahead of schedule positions us well in difficult market conditions. We are seeing that in China where we recently commenced operations at our world scale chemical plant. This is one of the largest, most complex projects we've ever done and we delivered it ahead of schedule and under budget. We will competitively supply high value chem”