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me Let a of these each actions bit in go into more detail.
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the fuels redefining COVID-XX gross third the important quarter last and retail margin around marketing aviation. growth the was was quarter in the fuels year-on-year like-for-like driven customer X% our impact of in earnings compared higher period convenience. This X% In XX% We convenience are in of same year, X% despite an our demonstrating strength offer. contributor to in demand to third
UK’s points in charging strategy convenience customers action more our infrastructure to our target In our XXXX next-generation plans. the of XX this X,XXX with number points charging the years. have have of sites, more at month Police more of contract of deliver four a and build a charging beginning mobility, now convenience points X,XXX to the We ultra-fast retail EV next than key electric part than more And over ever was sites are BP globally XXX than charging over Aral with our growth X,XXX. awarded we Chargemaster to continue the we Scotland redefine network and grow deliver for to continued the rollout strategic Earlier also than months. next largest of across Germany, by
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more in at investment. detail to our approach Looking disciplined
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our together We continue invest deliver and the to of XXXX. in in incremental to group. group one to activities of value from for the finance the are procurement we all bringing And start effective place, digital
roll financial onto different, of the third operational one technology party our full For maintenance out costs, robotic common cost and quarter to crawler costs. our example reduce we enabling while field. continued and example, efficiency A to improved in alignment in back-office field-based will of inspection lower the contribute systems and template. This third is exploration completed production
balance deleveraging programme, executing with our divestments. Finally, to progress our Starting and our make sheet. we cash balance divestment continue point lowering
of approaching the target billion to includes of during which of INEOS or have quarter. to We $XX expect complete our completed This business already by transactions petrochemicals the of fourth we sale proceeds our agreed XXXX. half
as focused a And As we of have we look be deep potential we this we value. forward, execute hopper programme divestment continue options. to will on
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balance the cash to point. Moving
the $XX mentioned, our Murray oil prices quarter despite quarter, with the line third price the in in has Brent was gas a already demand. including refining around weak and point reduced margins, low in This cash As balance product is average barrel. acquisitions
our structure $XX.X and of the capital us $XX.X debt to end billion the to on of quarter together, third end actions compared allowed Taken divestments efficiency, billion to cost quarter. our at the at and capital have the first reduce net
in marking a quarter, investment forward, the net look supporting our of we further billion fourth rating we maintaining our to As expect and grade debt debt objective net credit fall $XX strong progress again toward target.
our capital within buybacks. the represents allocation a to As this framework commence reminder, trigger
operational achieving returns the EBITDA So to divestments, ROACE in with priority of XXXX on to framework, we time dividend long-term XX% one today. are for and profitable and value next while you in resilient electricity transforming. tangible the have capital clear convenience our strong XXXX That’s scale. committed delivering resilient focused a after XX% a That capability to stable we service and convenience this job. of and your growth in we low hydrocarbons performing allocation X% number to focus the progress, by sustainable to Thank with in mobility mobility; our distributions, capital carbon and in focus strategic our discipline relative value summary, progress proposition. confidence objectives, our Delivering making nearly even through demonstrating retail including markets, shareholders. EBITDA XX% doubling frame energy, is our Together growth, of and within and growth as gen All in disciplined investor financial value. as on underpins build and and
take will your questions. Now, Murray, I and Craig
