2025 was a year of steady progress for the Group, shaped by decisions and achievements that reflect the way we have always conducted our business : with close attention to our stakeholders and the environments in which we operate, clarity of principle, and willingness to adapt when circumstances demand it. Each business advanced with disciplined confidence, from trading and downstream operations to our investment activities, and together they delivered a performance that underscores both the resilience of our model and the commitment with which our teams approach their work