Share price 187.90 GBp Contacts ABOUT US OPERATIONS INVESTORS NEWS & MEDIA WORKING RESPONSIBLY CAREERS INVESTORS Annual Report 2020 Annual Report 2020 Investment case Financial highlights Regulatory news Results, reports and presentations Share price and tools Financial calendar Responsible governance Corporate governance Shareholder information Major shareholders Investment in India Analyst coverage Investor contacts RESPONSIBLE. READY. REFOCUSED. DOWNLOAD OUR ANNUAL REPORT Our approach RESPONSIBLE. It’s always the right time to do the right thing. We continue to develop our responsible approach, ensuring the sustainability of our business and delivering our commitments to our stakeholders and the communities where we operate. READY. Fiscal discipline and financial flexibility. Active portfolio management has enabled return of cash to shareholders, whilst retaining the ability to invest through the cycle and expand and diversify our production base to support long-term value creation. REFOCUSED. A balanced approach to exploration. A focus on ‘advantaged barrels’ targets attractive resources with optimised development timelines, scale and supportive fiscal environments, with strong alignment with our ESG priorities. 2020 Highlights ~21,000 Net oil production averaged (bopd) US$ 324m Oil and gas sales revenue US$ 239m Net cash inflow 1 2 3 4 5 6 Our focus Exploration Exploration activity, including seismic surveying and drilling, can create material value. Development Moving exploration success into development, or acquiring development assets, adds value. Production Progressing development assets into production results in cash flow to reinvest or return to shareholders, realises value. Chair’s Statement Nicoletta Giadrossi, Chair Responsible portfolio management DOWNLOAD CHAIR’S STATEMENT (PDF) CEO's review Simon Thomson, CEO Committed to creating value responsibly DOWNLOAD CEO'S REVIEW (PDF) Our strategy Our key strategic goals are all about driving shorter investment cycles and ensuring low break-even costs across our asset base. OUR STRATEGY Business model Cairn’s business model is to hold assets within the oil and gas life cycle in order to create, add and deliver value for stakeholders. OUR BUSINESS MODEL Downloads FULL ANNUAL REPORT STRATEGIC REPORT LEADERSHIP AND GOVERNANCE FINANCIAL STATEMENTS CORPORATE RESPONSIBILITY REPORT 2020 Privacy and cookies Legal Modern slavery statement Email alerts Services © Cairn Energy PLC 2021 By emperor This site uses cookies to store information. Press accesskey C to learn more about your options. Cookie Control Icon Our use of cookies We use essential cookies to make our site work. We'd also like to set optional analytics cookies to help us improve it. We won't set optional cookies unless you enable them. Using this tool will set a cookie on your device to remember your preferences. For more detailed information about the cookies we use, see our Cookies policyCookie Control Link Icon Essential cookies Essential cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions. Analytics cookies On Off We'd like to set Google Analytics cookies to help us to improve our website by collecting and reporting information on how you use it. The cookies collect information in a way that does not directly identify anyone. For more information on how these cookies work, please see our 'Cookies policy'. Marketing (targeting or advertising) cookies On Off We use third parties services on this site (i.e. Vimeo). Marketing cookies are used by these third parties to improve the relevancy of advertising campaigns. Cairn Energy does not engage in marketing campaigns from this website. Save and close