Employees working on whiteboard

Our Strategy

Our strategy is to deliver long-term value and returns through the cycle. We aim to do this through:

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Our portfolio

Owning a portfolio of world class assets with exposure to highly attractive commodities which benefit from the mega-trends playing out in the world around us.

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Our operating model

Operating our assets exceptionally well.

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Our approach

Maintaining a disciplined approach to capital allocation and through being industry leaders in sustainability and the creation of social value.

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Our strategy maximises value and returns

We have a simple and diverse portfolio of tier one assets. They are long life, low cost and expandable. To extract the most value and the highest returns from our assets we apply our values and culture, operate them safely and productively, and deploy technology.

To maintain our track record, we must make the most of our portfolio and develop options that secure success. Future success depends not only on our commitment to capital discipline but also social value, which is our contribution to our people, the environment and communities. It informs the way in which we provide resources, achieve commercial success and make our workplace safe.

We have a responsibility to produce strong commercial, sustainable and social outcomes for our shareholders, communities and society. This inspired us to refresh our purpose to acknowledge people as the driving force behind our achievements and reflect our broader contribution.

Future options

We also have broad development options and exploration licences in many of the world’s premier basins, which could create significant shareholder value over the long term. These options cover a range of risk, return and optionality metrics and are diversified by commodity and geography.