• Who We Are
  • What We Do
  • Sustainability
  • News & Insights
    News & Insights
    Press releases, stories, articles and reports about our dynamic business
    Find out more
  • Careers
  • Search icon

    To preserve a balanced capital structure and match financial resources with funding requirements, the key guidelines are that long-term debt is primarily used to support long-term investments, while short-term debt is used to support ongoing business in financing its main working capital needs

    Diversified funds icon

    Diversified sources of funds

    42% of long-term financing came from debt capital markets
    Debt maturity icon

    Well-distributed debt maturity profile

    Average maturity of long-term debt of 4.1 years
    Committed facilities icon

    Sizeable amount of committed facilities

    US$ 3.5 Bn of undrawn committed bank lines

    Sound Balance Sheet Structure

    The balance sheet as of 31 December 2020 showed an excess of long-term resources of US$ 1.4 billion
    14,671
    Fixed assets & investments 3,993
    Other non-current assets (net) 815
    Less liquid working capital 2,375
    RMI 5,246
    Liquid assets below 3 months 41
    Current financial assets 2,201
    Use of Capital
    14,671
    Equity 4,870
    LT Debt 3,690
    ST Debt 6,111
    Source of Capital
    14,671
    Fixed assets & investments 3,993
    Other non-current assets (net) 815
    Less liquid working capital 2,375
    RMI 5,246
    Liquid assets below 3 months 41
    Current financial assets 2,201
    Use of Capital
    14,671
    Equity 4,870
    LT Debt 3,690
    ST Debt 6,111
    Source of Capital

    Long-term Financing Split by Nature

    2020 (In US$ million)
    Debt capital markets 1,522 %
    Drawn revolving credit facilities 15 %
    Term loans from banks 2,064 %
    2019 (In US$ million)
    Debt capital markets 1,307 %
    Drawn revolving credit facilities 296 %
    Term loans from banks 1,996 %
    Debt capital markets Drawn revolving credit facilities Term loans from banks

    Long-term Financing Maturity

    In US$ million 2020 2019
    0 0 Maturity below 1 year
    0 0 Maturity between 1-2 years
    0 0 Maturity between 2-3 years
    0 0 Maturity between 3-4 years
    0 0 Maturity between 4-5 years
    0 0 Maturity > 5 years