Earnings down 3% to $1.2 billion
· Production down 3%; LNG segment total operating profit up 3%; both in line with guidance
· Cash flow from operations up 3% to $2.7 billion; gearing at 23.5%
· Q1 project milestones delivered: Sapinhoá and Everest East start-ups; Elgin/Franklin re-start
· De-risking future milestones: FPSO 3 on location at Lula NE; all Jasmine modules installed
· QCLNG remains on track: critical Narrows Crossing pipe-pull safely completed
· FPSO 2 onstream in Brazil bringing total gross production to around 140 000 boed
· Successful appraisal results in Tanzania: very good results from Jodari and Mzia drill stem tests
· Completion of long-term sales agreement for up to 2.5 mtpa of LNG to India
