Bharat Petroleum Corporation Limited (BPCL)

Vision: • We are the most admired global energy company Leveraging talent and technology • We are the first choice of customers, always • We exploit profitable growth opportunities outside energy • We are the role model for Health, Safety, Security & Environment • We are a great organisation to work for • We are a learning organisation • We are a model corporate entity with social responsibility

Summary of Activities: Company has created new benchmarks in physical performance, with refining throughput exceeding 31 MMT and market sales crossing 43 MMT. The higher refining throughput is attributable to the first full year of operations at Kochi Refinery (KR) post completion of the Integrated Refinery Expansion Project (IREP). complemented with continuous maximisation of refining capacity in Mumbai Refinery. I am pleased to share with you that BPCLs Kochi Refinery is now the largest PSU refinery in India, with installed capacity of 15.5 MMTPA and was dedicated to the Nation by the Honbie Prime Minister of India in January 2019. On the financial front, the profit before depreciation, interest and tax of the Company was at 14,948 crores, as against 14,772 crores in the previous year, though there was a decline of 10.6% in profit after tax to 7,132 crores. mainly due to increased depreciation and finance costs. The Board of Directors announced dividend of 190%, maintaining last years dividend payout ratio. Over the years. BPCL has established itself as a fully integrated oil and gas Company and we recognise the crucial role of our group companies in furthering our strategic intents. I would like to mention here that Bharat PetroResources Ltd., our upstream subsidiary, positioned itself as an Operator in the international market, on winning the Onshore