Process safety means making sure our facilities are safely designed, operated within their limits and well-maintained. As the recently released Baker Report into the BP Texas City refinery accident in 2005 underlined, doing this consistently is critical to avoiding major incidents.

We are always looking for ways to improve process safety. Our Exploration & Production business intends to increase spending on asset integrity. Over the last three years, nearly two-thirds of our investment in the downstream business went to maintaining the reliability and safety of our existing facilities, investment levels we roughly expect to continue. Our businesses are also tightening design standards and reviewing operating limits and maintenance practices. We are currently studying the recommendations and findings from the Baker Report to see what lessons we can learn.