financial statements - - total.fr...2016/12/31 · contents corporate information management...

TOTAL KENYA LIMITEDAnnual Report &Financial Statements 2016

OUR VISIONTo be a leader in the quality of our products and services.

To be the most responsible and preferred company in the region.

OUR MISSION

otal.

ABOUT US

183 2 1 65

Lubricantsblending

plant

Aviationdepots

Solelyowneddepots

Servicestations

LPGfillingplants

CONTENTS

CorporateInformation

Management

Appendix

FinancialStatements

Value Statements

Report of the Directors 4

Board of Directors

d

44

Notes to the Financial Statements

TOTAL KENYA LIMITED

NOTICE & AGENDA OF THEANNUAL GENERAL MEETING

AGENDA

ORDINARY BUSINESS

4.

SPECIAL BUSINESS

a) Change of Company’s Name

been given.

NOTE

Registrars on the above address so as to be received

TO ALL SHAREHOLDERS

NOTICE is hereby given that the Nairobi on at

BY ORDER OF THE BOARD

CORPORATE INFORMATION

ADVOCATES

Company

Drive

DIRECTORS

Ngong Road

SECRETARY

REGISTRARS

PRINCIPAL BANKERS

Road

Building

AUDITORS

Road

TOTAL KENYA LIMITED

REPORT OF THE DIRECTORS

1. PRINCIPAL ACTIVITY

2. FINANCIAL RESULTS

2,234,292 1,615,003

3. DIVIDENDS

4. DIRECTORS

5. AUDITORS

concern.

Director

Director

STATEMENT OF THEDIRECTORS’ RESPONSIBILITIES

TOTAL KENYA LIMITED

array of other products and services.

and fuel oil. The range of lubricants includes high performance engine

CORPORATE STATUS

MAINSTREAMPRODUCTS

GROWING NETWORK OF STATIONS

LOGISTICS AND FACILITIES

CORE BUSINESS

largest revenue generators.

services.

These systems are reinforced by training and maintained by constant

CORPORATE STATUS

MAINSTREAMPRODUCTS

GROWING NETWORK OF STATIONS

LOGISTICS AND FACILITIES

CORE BUSINESS

COMPANY PROFILE

The Total Sola lanterns have greatly improved the quality of life for

security features. Some of its modern and advanced security

TOTAL EXCELLIUM FUELS

LIQUEFIED PETROLEUM GAS (LPG)

LUBRICANTS

SOLAR

TOTAL FUEL CARD

COMPANY PROFILE

TOTAL KENYA LIMITED

INTRODUCTION

remains compliant.

THE BOARD OF DIRECTORS

A. THE BOARD OF DIRECTORS CHARTER

require the approval of the Board.

B. BOARD STRUCTURE AND DIVERSITY

C. ROLE OF THE BOARD

ensure that internal controls are operating effectively

and ensuring that there is appropriate independent oversight

D. INDEPENDENCE

The Board of Directors of Total Kenya is guided by the

Total Kenya.

E. CHAIRMAN AND MANAGING DIRECTOR

strategy and policies approved by the Board.

CORPORATE GOVERNANCE

F. ACCESS TO INFORMATION AND INDEPENDENT ADVICE

G. MEETINGS

4 4

4 4

4

4


TOTAL KENYA LIMITED

BOARD COMMITTEES

A. THE BOARD AUDIT COMMITTEE

• System of internal control

and strategy.

compliance plan.

B. THE BOARD RISK AND GOVERNANCE COMMITTEE (BRGC)

performing a gap analysis and approving the

recommendations on the effectiveness of the


POLICIES

CODE OF ETHICS AND CODE OF CONDUCT

business principles outlined in the code of conduct.

that might cross the line as soon as they arise. Total Kenya

higher standard.

COMPLIANCE PROGRAM

Tone at the top

Monitoring, audits, alerts

Reporting & update of the

program

Training and awareness

raising

Sanctions

Risk management

Internal norms

and sponsorships to and from business partners. This is done


TOTAL KENYA LIMITED

A. HEALTH, SAFETY, SECURITY, ENVIRONMENT AND QUALITY POLICY

of

relies on the

on the basis of their ability to apply policies similar to those

and security threats in

and implementing

4. to ensure

12

and quality

biodiversity to

Through our

process.

• at all steps of the supply chain


• are provided for the full range

• our high quality solar

•

in boiler furnaces that have the capacity to degrade metals

reservoirs or soils.

B. CONFLICT OF INTEREST POLICY

C. COMMUNICATION TO STAKEHOLDERS

Total Kenya has put in place processes and guidelines for

Customers

Total Kenya has embraced technology as a means to enhance

Shareholders

Business partners

and adhered to.


TOTAL KENYA LIMITED

environment.

Employees

media also provide a conducive environment for employees

Safety

Respect for Each OtherRespect for each other puts people at the center of our

Pioneer Spirit

Stand Together

Performance Minded

ensure the employees have the means to carry out their

career path.

OUR CORE VALUES

SAFETY

RESPECT FOR EACH

OTHER

PIONEER SPIRIT

STAND TOGETHER

PERFORMANCE MINDED

D. RELATED PARTIES TRANSACTION POLICY


E. COMPLIANCE PROGRAM

these policies.

F. WHISTLE BLOWING POLICY

G. ANTI-MONEY LAUNDERING POLICY

H. GROUP SANCTIONS POLICY

I. PROCUREMENT PROCEDURES

J. INFORMATION TECHNOLOGY (IT) CHARTER

K. INSIDER TRADING POLICY

• • •

directorship or employment•


TOTAL KENYA LIMITED

BOARD DI

An

ne-

So

lan

ge

Ren

ou

ard

Man

agin

g D

irec

tor

Jean

-Ch

rist

ian

Ber

ger

on

Ch

airm

an o

f th

e B

oar

d

Jose

ph

Kar

ago

Ind

epen

den

t D

irec

tor

Joe

Mu

chek

ehu

Ind

epen

den

t D

irec

tor

OFRECTORS

Pre

man

and

Dh

oo

mo

nFi

nan

ce D

irec

tor

Joh

n L

.G M

aon

ga

Co

mp

any

Sec

reta

ry

Mau

rice

K’A

nje

joC

orp

ora

te A

ffai

rs M

anag

eran

d A

lter

nat

e D

irec

tor

*Other Members Include

Stanislas MittelmanNon-Executive Director

Jerome BurbanNon-Executive Director

Mar

gar

et W

amb

ui

Ng

ug

i S

hav

aIn

dep

end

ent

Dir

ecto

r

TOTAL KENYA LIMITED

DIRECTORS’ PROFILES

DIRECTORS’ PROFILES

TOTAL KENYA LIMITED

MANAGEMENT COMMITTEES

A. TOP MANAGEMENT COMMITTEE

B. TENDER COMMITTEE

C. CONTRACTS COMMITTEE

TOTAL KENYA’S MANAGEMENT

D. INTEGRITY COMMITTEE

E. CRISIS MANAGEMENT COMMITTEE

TOTAL KENYA’S MANAGEMENT

TOTAL KENYA LIMITED

MANAGEM EX

An

ne-

So

lan

ge

Ren

ou

ard

Man

agin

g D

irec

tor

Pre

man

and

Dh

oo

mo

nFi

nan

ce D

irec

tor

Mau

rice

K’A

nje

joC

orp

ora

te A

ffai

rs M

anag

eran

d A

lter

nat

e D

irec

tor

Aeg

idia

Sch

nep

pP

lan

nin

g &

Su

pp

ly M

anag

er

Alb

an T

arn

eau

dM

arke

tin

g M

anag

erA

lban

Mar

ke

MENTECUTIVES

Ch

arle

s W

amb

ug

uA

ud

it M

anag

er

Iren

e M

uin

de

HR

& A

dm

inis

trat

ion

Man

ager

Joh

n M

uch

un

uH

SS

EQ

Man

ager

Josh

ua

Ou

ma

Op

erat

ion

s M

anag

er

Ken

net

h K

osk

eiS

pec

ialt

ies

Man

ager

Jo HS

Jo O Ke

Sp

TOTAL KENYA LIMITED

MANAGEMENT EXECUTIVES

MANAGEMENT EXECUTIVES

TOTAL KENYA LIMITED

ENTREPRENEURSHIP

ENVIRONMENT

across the country involved in this noble cause.

our underground equipments are of the highest standards beyond the minimum legal

much as possible.

the programmes are designed to be long term and sustainable.

HEALTH

privileged members of our society.

CORPORATE SOCIALRESPONSIBILITY (CSR)

CORPORATE SOCIALRESPONSIBILITY (CSR)

ROAD SAFETY

EDUCATION AND YOUTH SUPPORT

help them face the challenges of the future.

ACCESS TO ENERGY

SPORTS, ARTS & CULTURE

in Division Four.

TOTAL KENYA LIMITED

JEAN-CHRISTIAN BERGERON - CHAIRMAN

The Company achieved good performance contributed by the

stable economic parameters. All these were achieved with

no compromise whatsoever to Safety, which is our value.

CHAIRMAN’S STATEMENT

together.

ECONOMIC ENVIRONMENT

inch fuel pipeline that is set for commissioning later this

PETROLEUM ENVIRONMENT

MAZINGIRA YA KIUCHUMI

MAZINGIRA YA SEKTA YA PETROLI

FROM THE

CHAIRMANTAARIFA YA

MWENYEKITI

TOTAL KENYA LIMITED

PERFORMANCE

stability of our sales in tons. The gross margins increased

INVESTMENTS

the increased demand for these products in the region.

CORPORATE SOCIAL RESPONSIBILITYTotal Kenya has been and remains a responsible corporate

MATOKEO YA BIASHARA

UWEKEZAJI

CHAIRMAN’S STATEMENT(continued)

community.

concerned at the loss of lives on our roads and the heavy burden this places on families and the economy in general

partners in the programme for sustainability. OUTLOOK FOR 2017

of our esteemed customers and the public in general.

WAJIBU KWA JAMII

mbali hapa nchini.

MATARAJIO YA MWAKA 2017

TOTAL KENYA LIMITED

DIVIDENDS

performance and the need to further invest in safety and

to shareholders on the register of members at the close

ACKNOWLEDGEMENTS

is our hope that this conducive environment for business shall be maintained as the country approaches the

results.

MGAO WA FAIDA

mapato.

CHAIRMAN’S STATEMENT(continued)

Jean-Christian BERGERONChairman

SHUKRANI

Jean-Christian BERGERONMwenyekiti

TOTAL KENYA LIMITED

OVERVIEW OF THE 2016 FINANCIAL YEAR FOR TOTAL KENYA LIMITED

SUMMARY OF RESULTS

stability in macroeconomic environment.

our safety and environmental requirements and standards.

ANALYSIS BY BUSINESS CHANNELS

•

across the country.

•

consumers.

•

• of our full range of products to neighbouring countries and other industry players.

NETWORK

services to its customers.

developing services to meet the customer changing

-202

1,424

1,615

2,234

-100 100 300 500 700 900

1,100 1,300 1,500 1,700 1,900 2,100 2,300 2,500

2012 2014 2015 2016

Results Before Tax (M KES)

2013

1,312

MANAGEMENT REPORT

The Bon Voyage card has remained popular amongst individuals and corporate companies and has ensured customer loyalty.

2016 2015

GENERAL TRADE

volumes in this channel remained stable as compared to previous year.

AVIATION

EXPORTS AND BULK

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000

2,000,000

Network Consumers Aviation Export and bulk Total

Sales per business channel (MT)

2012 2013 2014 2015 2016

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

180,000

Network Consumers Aviation Export and bulk Total

Net Sales per business channel (M KES)

2012 2013 2014 2015 2016

MANAGEMENT REPORT

TOTAL KENYA LIMITED

FINANCIAL POSITION

CONTRIBUTION TO THE KENYAN ECONOMY

Local suppliers, 11,814

Taxes, 24,076

Personnel, 1,417

Investments, 1,536

2017 MANAGEMENT AGENDA:

•

• • •

MANAGEMENT REPORT

• • •

SHARE PRICE EVOLUTION

Total Kenya Share Price (KES)Monthly closing Share Price (Dec 11 to Dec 16)

14.75

13.80

24.37

25.65

18.25

17.25

0

5

10

15

20

25

30

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

MANAGEMENT REPORT

TOTAL KENYA LIMITED

TOP 10 SHAREHOLDERS

SHARE DISTRIBUTION SCHEDULE

i) By number of Share Range

SHAREHOLDERS ANALYSISTOP 10 ALL INVESTORS AS AT: 31 December 2016

ii) By category of Shareholder

SHAREHOLDING

TOTAL KENYA LIMITED

REPORT ON THE AUDIT OF THE FINANCIAL STATEMENTS

Opinion

Basis for Opinion

Key Audit Matters

Key audit matter

hospitality services only.

management.

inventories account balance. of the inventories.

Accounting for fuel inventories held byKenya Petroleum Refineries Limited (KPRL)

How our audit addressed the key matter

REPORT OF THE INDEPENDENT AUDITORTO THE MEMBERS OF TOTAL KENYA LIMITED

Other Information

of assurance conclusion thereon.

Responsibilities of the Directors for the Financial Statements

fraud or error.

Auditor’s Responsibilities for the Audit of the Financial Statements

•

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are

internal control. •

disclosures made by the directors.

• audit

REPORT OF THE INDEPENDENT AUDITORTO THE MEMBERS OF TOTAL KENYA LIMITED (continued)

TOTAL KENYA LIMITED

•

•

REPORT ON OTHER LEGAL REQUIREMENTS

i.

ii.

iii.

REPORT OF THE INDEPENDENT AUDITORSTO THE MEMBERS OF TOTAL KENYA LIMITED (continued)

STATEMENT OF PROFIT OR LOSS ANDOTHER COMPREHENSIVE INCOMEFOR THE YEAR ENDED 31 DECEMBER 2016

TOTAL KENYA LIMITED

Notes

Director Director

STATEMENT OF FINANCIAL POSITIONFOR THE YEAR ENDED 31 DECEMBER 2016

STATEMENT OF CHANGES IN EQUITYFOR THE YEAR ENDED 31 DECEMBER 2016

TOTAL KENYA LIMITED

STATEMENT OF CASH FLOWSFOR THE YEAR ENDED 31 DECEMBER 2016

1. SIGNIFICANT ACCOUNTING POLICIES

a) Basis of preparation

The financial statements have been prepared in

income.

b) New and amended standards, interpretations and improvements

•

•

•

•

•

•

•

• Financial Statements

The amendments are to be applied for annual periods

: •

•

• h

• ventures accounted for using the equity method

NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2016

TOTAL KENYA LIMITED

•

assets.

•

•

of the scope of the disclosure requirements in

•

• •

•

•

•

•

to changes arising from further detailed analyses or

its balance sheet and equity.

(a) Classification and measurement

value.

NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2016 (continued)


(continued)

Trade receivables are held to collect contractual cash

of those instruments in more detail before concluding

(b) Impairment

the impact.

(c) Hedge accounting

step model to account for revenue arising from contracts

goods or services to a customer.

to changes arising from a more detailed ongoing

monitor any further developments. The company is in the business of selling petroleum products.

(d) Sale of goods

generally on delivery of the goods.

the company recognises revenue from the sale of

customers due to the nature of its business.

The company does not currently have in place a loyalty

(e) Rendering of services

The company does not provide services but deals in the sale of petroleum products. The company plans to adopt

•



(continued)

TOTAL KENYA LIMITED


•

•

•

events.•

approach.

to provide comparative information for preceding

recovery of some assets for more than their carrying

impact on the company.

(f) Revenue recognition

at the fair value of the consideration received or

company assesses its revenue arrangements against

as a principal in all of its revenue arrangements. The

be met before revenue is recognised.

of products and customer acceptance and is stated net


(continued)


to receive the rent payment is established. The company

for business provided through bon voyage customers.

right to receive the commission payment is established.

supplied or services are provided.

(g) Business combinations

•

s

• based payment arrangements of the acquiree or share based payment arrangements of the

payment arrangements of the acquiree are

•

s

gain on a bargain purchase.

assets. The choice of measurement basis is made on a

the contingent consideration is measured at its


(continued)

TOTAL KENYA LIMITED


been recognised in other comprehensive income are

(h) Goodwill

any.

to the other assets of the unit pro rata based on the carrying amount of each asset in the unit.

is not reversed in subsequent periods.

(i) Leasing

conveys a right to use the asset.

the leased asset andrecognised over the lease term on the same basis as rental income.

(j) Property, plant and equipment

(g) Business combinations (continued)


other repair and maintenance costs are recognised in

Freehold land Nil

(k) Intangible assets acquired separately and in business combinations

accumulated impairment losses.

that are acquired separately.

The useful lives of intangible assets are assessed as

the useful economic life and assessed for impairment

lives and intangible assets not yet available for use are

asset may be impaired. The company did not have any

disposal.

the net disposal proceeds and the carrying amount of

is derecognised.

(j) Property, plant and equipment (continued)

TOTAL KENYA LIMITED


(l) Non-current assets held for sale

previous carrying amount and fair value less costs to

for sale.

presented separately as current items in the statement

are deemed to be impaired if fair value less costs to sell

subsequent increase in fair value less costs to sell of an

loss that has been previously recognised. The company also recognises a gain or loss not previously

(m) Inventories

average cost basis and comprises purchase price and other costs incurred to bring the inventories to

(n) Financial instruments

provisions of the instrument.


from related companies.

Trade receivables and amounts due from related companies

Trade receivables and amounts due from related

Cash and cash equivalents

of advance.

date.

The carrying amount of the asset is reduced through the

impairment loss increases or decreases because of an

the previously recognised impairment loss is increased

(n) Financial Instruments (continued)

TOTAL KENYA LIMITED


the company has transferred its rights to receive cash

recognises an associated liability. The transferred asset and the associated liability are measured on a basis that

than the original carrying amount of the asset and the

could be required to repay.

Debt and equity instruments issued by a company

an equity instrument.

include redeemable preference shares.

is recognised and deducted directly in equity. No gain

instruments.

company and related companies.

method.

(n) Financial Instruments (continued)


(o) Foreign currencies

currencies are retranslated at the rates prevailing at

are denominated in foreign currencies are translated at

in terms of historical cost in a foreign currency are

fair value gain or loss is recognised in other comprehensive

(p) Tax

period.

directly in equity.

in the foreseeable future.

foreseeable future.

recovered.

TOTAL KENYA LIMITED


directly in equity.

assets or services is not recoverable from the

(q) Employee entitlements

shore for its employees. The assets of the plans are held in separate trustee administered funds.

are determined by local statute.

this amount as a result of past service provided by the

(r) Dividends

Dividends on ordinary and redeemable preference

are declared.

(s) Earnings per share

of ordinary shares and redeemable preference shares outstanding during the year.

(t) Borrowing costs

(p) Tax (continued)


intended use or sale are capitalised as part of the cost of the asset.

(u) Impairment of non-financial assets

carrying amounts of its tangible and intangible assets

recoverable amount.

immediately.

prices for publicly traded companies or other available fair value indicators.

previously recognised impairment loss is reversed only

for the asset in prior years. Such reversal is recognised

st

cannot be reversed in future periods. Further details are

(v) Provisions

2. SIGNIFICANT ACCOUNTING JUDGMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

assumptions that affect the reported amounts

could result in outcomes that require a material

(t) Borrowing costs (continued)

TOTAL KENYA LIMITED


(a) Critical judgments in applying accounting policies

(b) Key sources of estimation uncertainty

year.

st

in the normal course of business. The directors evaluate

the probability of the company incurring the related

2. SIGNIFICANT ACCOUNTING JUDGMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY (continued)


carrying amounts of its tangible and intangible assets

less costs of disposal and its value in use. The fair value

less incremental costs for disposing of the asset. The

i.

ii.

is dedicated.iii.

is

v. damage of an asset.

vi.

plans to dispose of an asset before the previously

vii. indicates that the economic performance of an asset

TOTAL KENYA LIMITED


3. NET SALES ANALYSIS

(i) Business channels

(ii) Geographical analysis

4. COST OF SALES

5. OTHER INCOME


6. OPERATING EXPENSES

(a) PAYROLL AND STAFF COSTS

TOTAL KENYA LIMITED


7. a) FINANCE INCOME

b) FINANCE COSTS

c) NET FOREIGN EXCHANGE LOSS

8. PROFIT BEFORE TAX


9. TAX

(i) Tax charge

(ii) Reconciliation of tax charge to expected tax based on accounting profit

(iii) Tax recoverable/(payable)

TOTAL KENYA LIMITED


10. EARNINGS PER SHARE

Basic earnings per share

Diluted earnings per share

11. DIVIDENDS


12. PROPERTY, PLANT AND EQUIPMENT

(i) Year ended 31 December 2016

TOTAL KENYA LIMITED


12. PROPERTY, PLANT AND EQUIPMENT (continued)

(ii) Year ended 31 December 2015

(iii) Capital work-in-progress


(iv) Impact of the Enactment of the Land Registration Act No. 3 2012 on the Company’s Land Holding Status

TOTAL KENYA LIMITED


13. PREPAID OPERATING LEASES


14. GOODWILL

a) Goodwill arising from acquisition of Elf Oil Kenya Limited

TOTAL KENYA LIMITED


14. GOODWILL (continued)

(b) Goodwill arising from acquisition of Total Marketing Kenya Limited


TOTAL KENYA LIMITED


15. INTANGIBLE ASSETS

company.

16. DEFERRED TAX ASSET

(i) The net deferred tax asset is attributable to the following:


(ii) Movement on the deferred tax account is as follows:

INVENTORIES

TOTAL KENYA LIMITED


18. TRADE AND OTHER RECEIVABLES

19. RELATED PARTY TRANSACTIONS AND BALANCES

France.

(i) Amounts due from related companies

(ii) Amounts due to related companies

(iii) Amounts due to holding company

(iv) Financial overdraft from related party


TOTAL KENYA LIMITED

19. RELATED PARTY TRANSACTIONS AND BALANCES (continued)

(v) Transactions with related companies

vi) Key management compensation

(vii) Directors’ remuneration

Other emoluments


20. NON-CURRENT ASSETS CLASSIFIED AS HELD FOR SALE


TOTAL KENYA LIMITED

21. SHARE CAPITAL


21. SHARE CAPITAL (continued)

a right to dividends.

22. SHARE PREMIUM


TOTAL KENYA LIMITED

23. TRADE AND OTHER PAYABLES

24. SHORT TERM BORROWINGS


25. NOTES TO THE STATEMENT OF CASH FLOWS

(i) Reconciliation of profit before tax to cash generated from operations

(ii) Analysis of cash and cash equivalents


TOTAL KENYA LIMITED

26. COMMITMENTS AND CONTINGENT LIABILITIES (a) Contingent liabilities

(b) Contingent liability relating to parent company

(c) Capital commitments


27. OPERATING LEASE COMMITMENTS (a) Company as lessee

(b) Company as lessor

28. RETIREMENT BENEFIT PLANS


TOTAL KENYA LIMITED

29. CAPITAL MANAGEMENT

30. FINANCIAL INSTRUMENTS RISK MANAGEMENT OBJECTIVES AND POLICIES


i) Market risk

and due from related companies.


TOTAL KENYA LIMITED

i) Market risk (continued)



held constant.


TOTAL KENYA LIMITED


ii) Credit risk

Trade receivables consist o


ii) Credit risk (continued)

Trade receivables

Trade receivables


TOTAL KENYA LIMITED

ii) Credit risk (continued)

statements.

There is no collateral held against cash and cash equivalents.


iii) Liquidity risk

period.

date.


TOTAL KENYA LIMITED

31. INCORPORATION

both incorporated in France.

32. CURRENCY

33. EVENTS AFTER THE REPORTING PERIOD


FIVE-YEAR SUMMARIZEDSTATEMENT OF FINANCIAL POSITION

APPENDIX I

TOTAL KENYA LIMITED

FIVE-YEAR SUMMARIZEDSTATEMENT OF PROFIT OR LOSS

FOR THE YEAR ENDED

APPENDIX II

PROXY FORM

The Secretary

Nairobi.

OF .......................................................................................................................................................................................................

........................................................................................................................................................................................................................ OF ........................................................................................................................................................................................................

OF ........................................................................................................................................................................................................

Signed ..................................................................................... Signed .....................................................................................

Note:

TOTAL KENYA LIMITED

Energy drives progress where it is readily available. Two of the biggest challenges in building a responsible energy future are ensuring access forall and using energy wisely.

This is the environment in which we conduct our business. With operations in more than 130 countries, we are a leading international oil and gas company. We produce, refine and market oil, manufacture petrochemicals. We are also a world-class natural gas operator and rank second in solar energy with SunPower. Demonstrating their commitment to better energy, our 36,000 employees help supply our csutomers worldwide with safer, cleaner, more efficient and more innovative products that are accessible to as many people as possible. We work alongside our stakeholders to ensure that our operations consistently deliver economic, social and environmental benefits.

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