Exploration & Production

We are committed to meeting the world's growing energy demands.

Operating in some of the world’s most challenging environments, we maintain a strong presence across major oil and gas regions. Our Upstream division leverages innovation and advanced technology to revitalize mature fields, unlock new resources, and support the world’s increasing energy needs. Through targeted investments and a dedication to operational excellence, we are helping shape the future of energy production.

Powering progress through innovation

Exploration is at the heart of our operations, with a focus on deepwater assets in the U.S. Gulf of Mexico, Western Australia, West Africa, and unconventional resources in the U.S., Canada, and Argentina. In 2020, we plan to drill 39 exploration and appraisal wells worldwide. Our cutting-edge technology continues to evolve, enabling us to overcome new challenges, identify untapped opportunities, and turn proven reserves into production through major capital developments. Our robust project pipeline positions us to deliver significant new resources to the global market.

Diverse energy assets and a truly global presence

Our diverse portfolio covers all forms of energy, with operations spanning nearly all major basins across the globe. This broad presence empowers us to take on the complex energy challenges ahead and uncover meaningful opportunities in every region we operate.

Heavy Oil

With over five decades of innovation, we’re unlocking billions of barrels of heavy oil once considered out of reach. Our cutting-edge technologies continue to transform known reserves into viable energy sources through advanced extraction and processing techniques.

Natural Gas

As a cleaner and more efficient energy source, natural gas makes up around 22% of the global supply. With operations spanning six continents, we are strategically positioned to meet increasing global demand with reliable and sustainable energy solutions.

Shale & Tight Oil

Shale and tight rock formations are reshaping global energy production. We are actively expanding our development of these resources, with key projects underway in the United States, Argentina, and Canada, ensuring a steady and innovative energy future.

Deepwater

We lead the industry in deepwater exploration, utilizing breakthrough technologies to access offshore reserves beneath challenging ocean environments. From high-pressure zones to icy waters, we push the limits to responsibly deliver deepwater energy worldwide.

LNG

With many natural gas reserves located far from demand centers, liquefied natural gas (LNG) plays a vital role in global distribution. We manage every phase of LNG production and delivery to ensure reliable access for fast-growing markets around the world.