See acronyms used in our reporting below or download the full glossary of terms in this PDF

  • Glossary

    06 Mar 2026PDF235.6 KB

    ADR

    American depositary receipt.

    ADS

    American depositary share. 1 ADS = 6 ordinary shares.

    Barrel (bbl)

    159 litres, 42 US gallons.

    bcf

    Billion cubic feet.

    bcf/d

    Billion cubic feet per day.

    bcfe

    Billion cubic feet equivalent.

    bcma

    Billion cubic metres per annum.

    b/d

    Barrels per day.

    boe

    Barrels of oil equivalent.

    boe/d

    Barrels of oil equivalent per day.

    CAGR

    Compound annual growth rate.

    EJ/yr

    Exajoules.

    EVP

    Executive vice president.

    FPSO

    Floating production, storage and offloading.

    GAAP

    Generally accepted accounting practice.

    Gas

    Natural gas.

    gCO2e/MJ

    Grams of carbon dioxide equivalent per megajoule of energy.

    GHG

    Greenhouse gas.

    GRI

    Global Reporting Initiative.

    GtCO2

    Gigatonnes of carbon dioxide.

    GW

    Gigawatt.

    GWh

    Gigawatt hour.

    HSSE

    Health, safety, security and environment.

    IFRS

    International Financial Reporting Standards.

    Kb/d

    Thousand barrels per day.

    KPIs

    Key performance indicators.

    kt

    Thousand tonnes.

    LNG

    Liquefied natural gas.

    LPG

    Liquefied petroleum gas.

    mb/d

    Thousand barrels per day.

    Mbbl

    Million barrels.

    mboe/d

    Thousand barrels of oil equivalent per day.

    mmb/d or Mb/d

    Million barrels per day.

    mmboe/d

    Million barrels of oil equivalent per day.

    mmBtu

    Million British thermal units.

    mmcf/d

    Million cubic feet per day.

    mmte or Mte

    Million tonnes.

    MteCO2e

    Million tonnes of CO2 equivalent.

    Mtpa

    Million tonnes per annum.

    MW

    Megawatt.

    MWe

    Megawatt electrical.

    MWp

    Megawatt peak.

    NGLs

    Natural gas liquids.

    PSA

    Production-sharing agreement.

    PTA

    Purified terephthalic acid.

    RC

    Replacement cost.

    RMM

    Refining marker margin.

    scfm

    Standard cubic feet per minute.

    SEC

    The United States Securities and Exchange Commission.

    Twh

    Terawatt hour.

    SVP

    Senior vice president.

    WTI

    West Texas Intermediate.

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