Genel’s aims to be a world-class creator of shareholder value, with a resilient business model and strategy that delivers a compelling mix of growth and returns.

This business model shelters us from tough external conditions, with low-cost oil production, robust finances, and flexibility in our expenditure. This allowed us to retain our material dividend in 2020, while still allowing investment in growth. As the oil price recovers, we retain material upside, and accordingly increased our 2021 interim and final dividends by 20%.

Genel has a strong portfolio with an attractive mix of assets at complementary stages of their life cycle. Low-cost producing fields provide the capital to rapidly develop assets with material potential, which in turn will generate more cash to be quickly recycled into the next phase of growth.

Genel aims to achieve our goals in accordance with values that are inherently linked to our business model and strategic success. If we deliver our values, we will deliver our ambition: to become a world-class independent E&P creator of shareholder value.

As we do this, we aim to have a positive economic impact both by growing the production of the hydrocarbons that fuel economies and directly supporting the communities in which we operate by improving infrastructure and providing employment and development opportunities.