BP British Petroleum

Live  

BP (formerly British Petroleum) is a multinational oil and gas company headquartered in London, England. It is one of the largest energy companies in the world, with operations spanning across 79 countries. BP was founded in 1909 as the Anglo-Persian Oil Company, and has since undergone numerous mergers and acquisitions to become the company it is today.
The company's main activities include exploration, production, refining, and marketing of oil and natural gas, as well as manufacturing and marketing of petrochemicals. BP also has a renewable energy division, which focuses on developing and commercializing alternative energy sources such as wind, solar, biofuels, and hydrogen.
BP has a strong presence in the United States, with operations in all 50 states. It is also one of the largest suppliers of oil and gas to the US military. Additionally, BP has a significant presence in Europe, Africa, and Asia.
BP has faced several controversies over the years, including the Deepwater Horizon oil spill in 2010, which resulted in the largest marine oil spill in history. The company has since implemented safety measures and has focused on transitioning to cleaner and more sustainable forms of energy. In recent years, BP has made significant investments in renewable energy and aims to become a net-zero carbon emitter by 2050.
The company has a strong commitment to social responsibility and has implemented various initiatives to support the communities in which it operates. This includes programs for education, health, and disaster relief.
In addition to its energy operations, BP also has a significant presence in the retail sector with over 18,000 service stations worldwide under the BP and Amoco brands. It also owns the convenience store chain, ampm, and operates the BPme mobile app for fuel payments and rewards.
Overall, BP is a major player in the global energy industry and continues to adapt and evolve as the world's energy needs and priorities change.

BP, which stands for British Petroleum, is a big company that is all about energy. It helps to find and produce oil and natural gas, which are used to make fuel for cars, heat our homes, and power many things in our daily lives. Think of it like a company that digs for treasure, but instead of gold or jewels, it finds oil and gas deep in the ground and under the ocean.
BP makes money by selling the oil and gas it finds. When people fill up their cars with gasoline or when companies use gas to power machines, they pay money for it. That money goes to BP. They also make some money by selling things like lubricants and chemicals that are made from oil.
Now, BP has been successful for many years because it knows how to find oil and gas in lots of different places around the world. They have big ships and special equipment that helps them reach these resources, even if they are very deep underwater. They also have smart people who find new ways to get energy from oil and gas, and they make sure they keep up with new technology.
Looking to the future, BP is working on new ideas to keep being successful. They are starting to focus more on renewable energy, like wind and solar power, which is energy that comes from nature and doesn’t pollute the environment. Because many people want cleaner energy, BP is trying to balance both traditional oil and gas and these new energy sources. This might help them grow and stay important as the world changes.
In short, BP is a big energy company that makes money by finding and selling oil and gas. It has been successful because it knows how to find these resources and is planning for the future by exploring cleaner energy options.

QlAgKGZvcm 1lcmx5IGtu b3duIGFzIE JyaXRpc2gg UGV0cm9sZX VtKSBpcyBv bmUgb2YgdG hlIGxhcmdl c3QgbXVsdG luYXRpb25h bCBvaWwgYW 5kIGdhcyBj b21wYW5pZX MgaW4gdGhl IHdvcmxkLi BJdCBpcyBo ZWFkcXVhcn RlcmVkIGlu IExvbmRvbi wgRW5nbGFu ZCBhbmQgb3 BlcmF0ZXMg aW4gb3Zlci A3MCBjb3Vu dHJpZXMuIE hlcmUgYXJl IHNvbWUgb2 YgdGhlIGtl eSBmZWF0dX JlcyB0aGF0 IG1ha2UgQl AgdW5pcXVl Ojxicj4xLi BNYWpvciBQ cmVzZW5jZS BpbiB0aGUg T2lsIGFuZC BHYXMgSW5k dXN0cnk8Yn I+QlAgaXMg b25lIG9mIH RoZSBtb3N0 IHByb21pbm VudCBwbGF5 ZXJzIGluIH RoZSBvaWwg YW5kIGdhcy BpbmR1c3Ry eS4gSXQgaG FzIGEgc2ln bmlmaWNhbn Qgc2hhcmUg aW4gdGhlIG dsb2JhbCBj cnVkZSBvaW wgYW5kIG5h dHVyYWwgZ2 FzIHByb2R1 Y3Rpb24sIG FuZCBhbHNv IGhhcyBhIG xhcmdlIG5l dHdvcmsgb2 YgcmVmaW5l cmllcywgc3 RvcmFnZSBm YWNpbGl0aW VzLCBhbmQg Z2FzIHN0YX Rpb25zIGFy b3VuZCB0aG Ugd29ybGQu PGJyPjIuIE ZvY3VzIG9u IFN1c3RhaW 5hYmlsaXR5 IGFuZCBSZW 5ld2FibGUg RW5lcmd5PG JyPkJQIGhh cyBiZWVuIG F0IHRoZSBm b3JlZnJvbn Qgb2Ygc3Vz dGFpbmFiaW xpdHkgYW5k IHJlbmV3YW JsZSBlbmVy Z3kgZWZmb3 J0cyBpbiB0 aGUgb2lsIG FuZCBnYXMg aW5kdXN0cn kuIEl0IGhh cyBzZXQgYW 1iaXRpb3Vz IGdvYWxzIH RvIHJlZHVj ZSBpdHMgY2 FyYm9uIGZv b3RwcmludC BhbmQgaW5j cmVhc2UgaX RzIGludmVz dG1lbnQgaW 4gcmVuZXdh YmxlIGVuZX JneSBzb3Vy Y2VzIHN1Y2 ggYXMgd2lu ZCBhbmQgc2 9sYXIuPGJy PjMuIERpdm Vyc2lmaWVk IEJ1c2luZX NzIE9wZXJh dGlvbnM8Yn I+QXBhcnQg ZnJvbSBpdH MgY29yZSBi dXNpbmVzcy BvZiBvaWwg YW5kIGdhcy wgQlAgaGFz IGEgZGl2ZX JzZSByYW5n ZSBvZiBidX NpbmVzcyBv cGVyYXRpb2 5zLCBpbmNs dWRpbmcgcG V0cm9jaGVt aWNhbHMsIH Bvd2VyIGdl bmVyYXRpb2 4sIGFuZCBy ZW5ld2FibG UgZW5lcmd5 LiBUaGlzIG RpdmVyc2lm aWNhdGlvbi BoZWxwcyB0 aGUgY29tcG FueSBtaXRp Z2F0ZSByaX NrcyBhbmQg YWRhcHQgdG 8gY2hhbmdp bmcgbWFya2 V0IHRyZW5k cy48YnI+NC 4gU3Ryb25n IFRlY2hub2 xvZ2ljYWwg Q2FwYWJpbG l0aWVzPGJy PkJQIGhhcy BhIHN0cm9u ZyBmb2N1cy BvbiB0ZWNo bm9sb2dpY2 FsIGlubm92 YXRpb24gYW 5kIGhhcyBp bnZlc3RlZC BoZWF2aWx5 IGluIGRldm Vsb3Bpbmcg YWR2YW5jZW QgdGVjaG5v bG9naWVzIH RvIGltcHJv dmUgaXRzIG 9wZXJhdGlv bnMgYW5kIH JlZHVjZSBp dHMgZW52aX Jvbm1lbnRh bCBpbXBhY3 QuIFRoaXMg aW5jbHVkZX MgdXNpbmcg ZGlnaXRhbC B0ZWNobm9s b2dpZXMgYW 5kIGRhdGEg YW5hbHl0aW NzIHRvIG9w dGltaXplIG l0cyBwcm9k dWN0aW9uIH Byb2Nlc3Nl cy48YnI+NS 4gR2xvYmFs IFJlYWNoIG FuZCBTdHJv bmcgQnJhbm RzPGJyPkJQ IGhhcyBhIH N0cm9uZyBn bG9iYWwgcH Jlc2VuY2Us IHdpdGggb3 BlcmF0aW9u cyBpbiBzb2 1lIG9mIHRo ZSB3b3JsZC dzIGxhcmdl c3QgZW5lcm d5IG1hcmtl dHMuIEl0IG Fsc28gaGFz IGEgc3Ryb2 5nIGJyYW5k IHJlcHV0YX Rpb24sIHdp dGggaXRzIG ljb25pYyBs b2dvIGFuZC B0YWdsaW5l ICJCZXlvbm QgUGV0cm9s ZXVtIiBiZW luZyB3aWRl bHkgcmVjb2 duaXplZC48 YnI+Ni4gQ2 9tbWl0bWVu dCB0byBTYW ZldHkgYW5k IEVudmlyb2 5tZW50YWwg U3Rld2FyZH NoaXA8YnI+ QlAgaGFzIG ZhY2VkIHB1 YmxpYyBzY3 J1dGlueSBh bmQgY3JpdG ljaXNtIGZv ciBtYWpvci BlbnZpcm9u bWVudGFsIG luY2lkZW50 cyBpbiB0aG UgcGFzdCwg bW9zdCBub3 RhYmx5IHRo ZSBEZWVwd2 F0ZXIgSG9y aXpvbiBvaW wgc3BpbGwg aW4gMjAxMC 4gSW4gcmVz cG9uc2UsIH RoZSBjb21w YW55IGhhcy BtYWRlIHNp Z25pZmljYW 50IGVmZm9y dHMgdG8gaW 1wcm92ZSBp dHMgc2FmZX R5IGFuZCBl bnZpcm9ubW VudGFsIHBy YWN0aWNlcy wgaW5jbHVk aW5nIHNldH Rpbmcgc3Ry aWN0ZXIgcm VndWxhdGlv bnMgYW5kIG ludmVzdGlu ZyBpbiBzYW ZlciB0ZWNo bm9sb2dpZX MuPGJyPjcu IFNvY2lhbC BSZXNwb25z aWJpbGl0eS BhbmQgQ29t bXVuaXR5IE VuZ2FnZW1l bnQ8YnI+Ql AgaGFzIGEg c3Ryb25nIG ZvY3VzIG9u IHNvY2lhbC ByZXNwb25z aWJpbGl0eS BhbmQgYWN0 aXZlbHkgZW 5nYWdlcyB3 aXRoIGxvY2 FsIGNvbW11 bml0aWVzIH doZXJlIGl0 IG9wZXJhdG VzLiBJdCBo YXMgdmFyaW 91cyBpbml0 aWF0aXZlcy BhbmQgcHJv Z3JhbXMgdG 8gc3VwcG9y dCBzb2NpYW wgYW5kIGVj b25vbWljIG RldmVsb3Bt ZW50IGluIH RoZXNlIGNv bW11bml0aW VzLCBpbmNs dWRpbmcgcH JvbW90aW5n IGVkdWNhdG lvbiBhbmQg ZW50cmVwcm VuZXVyc2hp cC48YnI+OC 4gSW52ZXN0 bWVudCBpbi BSZXNlYXJj aCBhbmQgRG V2ZWxvcG1l bnQ8YnI+Ql AgaW52ZXN0 cyBoZWF2aW x5IGluIHJl c2VhcmNoIG FuZCBkZXZl bG9wbWVudC B0byBzdGF5 IGF0IHRoZS Bmb3JlZnJv bnQgb2YgdG hlIGVuZXJn eSBpbmR1c3 RyeS4gSXQg Y29sbGFib3 JhdGVzIHdp dGggdW5pdm Vyc2l0aWVz IGFuZCByZX NlYXJjaCBp bnN0aXR1dG lvbnMgdG8g ZGV2ZWxvcC BuZXcgdGVj aG5vbG9naW VzIGFuZCBm aW5kIHN1c3 RhaW5hYmxl IHNvbHV0aW 9ucyBmb3Ig dGhlIGZ1dH VyZS4=

QlAgKEJyaX Rpc2ggUGV0 cm9sZXVtKS BpcyBhIGds b2JhbCBlbm VyZ3kgY29t cGFueSB0aG F0IGZvY3Vz ZXMgb24gdG hlIGV4cGxv cmF0aW9uLC Bwcm9kdWN0 aW9uLCByZW ZpbmluZywg YW5kIG1hcm tldGluZyBv ZiBvaWwsIG dhcywgYW5k IHJlbmV3YW JsZSBlbmVy Z3kgc291cm Nlcy4gSXRz IGJ1c2luZX NzIG1vZGVs IGlzIGRpdm lkZWQgaW50 byBmb3VyIG 1haW4gc2Vn bWVudHM6PG JyPjEuIFVw c3RyZWFtOi BUaGlzIHNl Z21lbnQgaX MgcmVzcG9u c2libGUgZm 9yIGZpbmRp bmcsIGRldm Vsb3Bpbmcs IGFuZCBwcm 9kdWNpbmcg b2lsIGFuZC BuYXR1cmFs IGdhcyByZX NvdXJjZXMg YXJvdW5kIH RoZSB3b3Js ZC4gSXQgaW 5jbHVkZXMg YWN0aXZpdG llcyBzdWNo IGFzIGdlb2 xvZ2ljYWwg ZXhwbG9yYX Rpb24sIGRy aWxsaW5nLC BhbmQgZmll bGQgZGV2ZW xvcG1lbnQu PGJyPjIuIE Rvd25zdHJl YW06IFRoaX Mgc2VnbWVu dCBpcyBpbn ZvbHZlZCBp biByZWZpbm luZywgcHJv Y2Vzc2luZy wgYW5kIG1h cmtldGluZy BvZiBmdWVs cyBhbmQgbH VicmljYW50 cyB0byBjdX N0b21lcnMg YXJvdW5kIH RoZSB3b3Js ZC4gSXQgYW xzbyBpbmNs dWRlcyB0aG UgcHJvZHVj dGlvbiBhbm Qgc2FsZSBv ZiBwZXRyb2 NoZW1pY2Fs cyBhbmQgYm lvZnVlbHMu PGJyPjMuIF Jvc25lZnQ6 IEJQIG93bn MgYSAxOS43 NSUgc3Rha2 UgaW4gUm9z bmVmdCwgYS BSdXNzaWFu IG9pbCBhbm QgZ2FzIGNv bXBhbnkuIF RoaXMgc2Vn bWVudCBpbm NsdWRlcyBC UCdzIHNoYX JlIG9mIFJv c25lZnQncy BvaWwgYW5k IGdhcyBwcm 9kdWN0aW9u LCByZWZpbm luZywgYW5k IG1hcmtldG luZyBhY3Rp dml0aWVzLj xicj40LiBB bHRlcm5hdG l2ZSBFbmVy Z3k6IEJQIG lzIGludmVz dGluZyBpbi ByZW5ld2Fi bGUgYW5kIG xvdy1jYXJi b24gZW5lcm d5IHNvdXJj ZXMsIHN1Y2 ggYXMgc29s YXIsIHdpbm QsIGJpb2Z1 ZWxzLCBhbm QgaHlkcm9n ZW4uIFRoaX Mgc2VnbWVu dCBmb2N1c2 VzIG9uIGRl dmVsb3Bpbm cgYW5kIGNv bW1lcmNpYW xpemluZyBu ZXcgZW5lcm d5IHRlY2hu b2xvZ2llcy B0byBoZWxw IHJlZHVjZS BjYXJib24g ZW1pc3Npb2 5zLjxicj5P dmVyYWxsLC BCUCdzIGJ1 c2luZXNzIG 1vZGVsIGlz IGJhc2VkIG 9uIHRoZSBp bnRlZ3JhdG VkIG9pbCBh bmQgZ2FzIG 1vZGVsLCB3 aGljaCBhbG xvd3MgdGhl IGNvbXBhbn kgdG8gY2Fw dHVyZSB2YW x1ZSBhdCBl YWNoIHN0YW dlIG9mIHRo ZSBlbmVyZ3 kgc3VwcGx5 IGNoYWluLi BUaGlzIGhl bHBzIHRvIG RpdmVyc2lm eSBpdHMgcm V2ZW51ZSBz dHJlYW1zIG FuZCBtaXRp Z2F0ZSByaX NrcyBhc3Nv Y2lhdGVkIH dpdGggZmx1 Y3R1YXRpb2 5zIGluIG9p bCBhbmQgZ2 FzIHByaWNl cy4gQWRkaX Rpb25hbGx5 LCBCUCBpcy Bjb21taXR0 ZWQgdG8gcm VkdWNpbmcg aXRzIGNhcm JvbiBmb290 cHJpbnQgYW 5kIHRyYW5z aXRpb25pbm cgdG93YXJk cyBhIGNsZW FuZXIgYW5k IG1vcmUgc3 VzdGFpbmFi bGUgZW5lcm d5IGZ1dHVy ZS4=

AI does pose potential threats to British Petroleum (BP) in various ways, particularly concerning its products, services, and competitive positioning.
1. Substitution: The rise of AI can accelerate the development and adoption of alternative energy solutions, such as solar, wind, and other renewables, which could substitute for fossil fuels. As AI improves the efficiency of renewable energy generation and storage, BP may face increased competition from companies focusing exclusively on these sustainable technologies. This shift could lead to a decrease in demand for traditional oil and gas products.
2. Disintermediation: AI applications in energy management and smart grids could enable consumers and businesses to bypass traditional energy providers. For instance, AI can optimize energy consumption and facilitate peer-to-peer energy trading, diminishing BP’s role in the energy supply chain. If consumers and organizations can generate, store, and trade energy independently, it could undermine BP’s market position.
3. Margin Pressure: The integration of AI in various sectors—including exploration, production, and distribution—may enhance operational efficiency, driving down costs for companies adopting these technologies. If BP does not leverage AI to optimize its operations, it risks losing competitiveness to more technologically advanced rivals. This could result in tightened profit margins, particularly as the global energy market becomes more price-sensitive and competitive.
In summary, while AI presents opportunities for innovation and efficiency within BP, it also introduces material threats through potential substitution by alternative energy sources, disintermediation in the energy market, and increased margin pressure from competitors that effectively utilize AI technologies.

BP’s earnings, cash flow, and valuation are sensitive to changes in interest rates for several reasons:
1. Cost of Capital: Higher interest rates increase the cost of borrowing for BP. This can lead to reduced investment in capital projects, which are crucial for future growth. Conversely, lower interest rates decrease borrowing costs, encouraging investment and expansion.
2. Discount Rate on Valuation: Valuations of companies, including BP, are often based on discounted cash flow (DCF) models. An increase in interest rates raises the discount rate, which can lower the present value of future cash flows and, consequently, the overall valuation of the company. This can negatively affect investor sentiment and market capitalization.
3. Operational Costs: Changes in interest rates can also impact operational costs, particularly if BP has variable-rate debt or if interest rates affect the broader economic environment. Higher operational costs can squeeze margins and affect profitability.
4. Consumer Demand and Economic Activity: Interest rates influence economic activity and consumer demand for energy. Higher interest rates can lead to slower economic growth, reducing demand for oil and gas, which can directly impact BP’s sales and revenues.
5. Investment Decisions: BP’s strategic decisions related to exploration, production, and development of energy projects could be influenced by the prevailing interest rates. Companies may defer or scale back projects in a high-interest-rate environment.
6. Dividends and Shareholder Returns: Changes in interest rates may influence BP’s ability and willingness to maintain or increase dividends. If cash flow becomes tight due to higher interest payments or declining revenues, it could impact the firm’s dividend policy, which is important for attracting and retaining investors.
Overall, while BP operates in a sector less directly influenced by interest rates than some financial firms, these rates still play a significant role in shaping its financial strategy, operational performance, and market valuation.

CiAgICAgIC AgICAgIDxk aXYgc3R5bG U9J3dpZHRo OiAxMDAlOy BkaXNwbGF5 OiBmbGV4Oy BqdXN0aWZ5 LWNvbnRlbn Q6IGNlbnRl cjsnPgogIC AgICAgICAg ICAgICAgPG RpdiBzdHls ZT0nCiAgIC AgICAgICAg ICAgICAgIC AgZGlzcGxh eTogZmxleD sKICAgICAg ICAgICAgIC AgICAgICBh bGlnbi1pdG VtczogY2Vu dGVyOwogIC AgICAgICAg ICAgICAgIC AgIGJhY2tn cm91bmQtY2 9sb3I6ICNm MGY0Zjg7Ci AgICAgICAg ICAgICAgIC AgICAgYm9y ZGVyOiAxcH ggc29saWQg I2QxZTNmMD sKICAgICAg ICAgICAgIC AgICAgICBi b3JkZXItcm FkaXVzOiAx MHB4OwogIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH g7CiAgICAg ICAgICAgIC AgICAgICAg bWFyZ2luOi AyMHB4IDA7 CiAgICAgIC AgICAgICAg ICAgICAgZm 9udC1mYW1p bHk6ICJTZW dvZSBVSSIs IFJvYm90by wgc2Fucy1z ZXJpZjsKIC AgICAgICAg ICAgICAgIC AgICBib3gt c2hhZG93Oi AwIDJweCA2 cHggcmdiYS gwLCAwLCAw LCAwLjA1KT sKICAgICAg ICAgICAgIC AgICAgICBt YXgtd2lkdG g6IDkwMHB4 OwogICAgIC AgICAgICAg ICAgICAgIH dpZHRoOiAx MDAlOyc+Cg ogICAgICAg ICAgICAgIC AgICAgIDxp bWcgc3JjPS Jhc3NldHMv bG9nb3MvVF pVSGVrd0xo MWpNbVQ1Zn RBQnoud2Vi cCIgYWx0PS JCUCBCcml0 aXNoIFBldH JvbGV1bSIg dGl0bGU9Ik JQIEJyaXRp c2ggUGV0cm 9sZXVtIiAg Y2xhc3M9Im ltZy1mbHVp ZCIgaGVpZ2 h0PTkwIHdp ZHRoPTkwIG xvYWRpbmc9 J2xhenknIH N0eWxlPSdi b3JkZXItcm FkaXVzOiA2 cHg7Jz4KCi AgICAgICAg ICAgICAgIC AgICAgPGRp diBzdHlsZT 0nZmxleDog MTsgdGV4dC 1hbGlnbjog Y2VudGVyOy BtYXJnaW4t bGVmdDogNX B4Oyc+CiAg ICAgICAgIC AgICAgICAg ICAgICAgID xwIHN0eWxl PSdmb250LX NpemU6IDI2 cHg7IGNvbG 9yOiAjMzMz OyBtYXJnaW 4tYm90dG9t OiAxNXB4Oy c+CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Dwn5OIIFdh bnQgdG8gcm VhZCBtb3Jl IGFib3V0IE JQIEJyaXRp c2ggUGV0cm 9sZXVtPwog ICAgICAgIC AgICAgICAg ICAgICAgIC A8L3A+Cgog ICAgICAgIC AgICAgICAg ICAgICAgIC A8YSBocmVm PSdpbmRleC 5waHA/cGFn ZT1zaWdudX AnIHN0eWxl PScKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IGJhY2tncm 91bmQtY29s b3I6ICMwMD dCRkY7CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBjb2xv cjogI2ZmZj sKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIH BhZGRpbmc6 IDEwcHggMj BweDsKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIGJvcmRl ci1yYWRpdX M6IDVweDsK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIHRl eHQtZGVjb3 JhdGlvbjog bm9uZTsKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGZvbn Qtd2VpZ2h0 OiBib2xkOw ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgbW FyZ2luLXJp Z2h0OiAxMH B4OwogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgdHJhbnNp dGlvbjogYm Fja2dyb3Vu ZC1jb2xvci AwLjNzIGVh c2U7JwogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgb25tb3 VzZW92ZXI9 J3RoaXMuc3 R5bGUuYmFj a2dyb3VuZE NvbG9yPSIj MDA1NmIzIi cKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG 9ubW91c2Vv dXQ9J3RoaX Muc3R5bGUu YmFja2dyb3 VuZENvbG9y PSIjMDA3Qk ZGIic+CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBTaWdu IHVwIGZvci BmcmVlCiAg ICAgICAgIC AgICAgICAg ICAgICAgID wvYT4KCiAg ICAgICAgIC AgICAgICAg ICAgICAgID xzcGFuIHN0 eWxlPSdtYX JnaW46IDAg OHB4OyBjb2 xvcjogIzU1 NTsnPm9yPC 9zcGFuPgoK ICAgICAgIC AgICAgICAg ICAgICAgIC AgPGEgaHJl Zj0naW5kZX gucGhwP3Bh Z2U9bG9naW 4nIHN0eWxl PScKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IGNvbG9yOi AjMDA3QkZG OwogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg dGV4dC1kZW NvcmF0aW9u OiB1bmRlcm xpbmU7CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBmb250 LXdlaWdodD ogNTAwOyc+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBs b2cgaW4KIC AgICAgICAg ICAgICAgIC AgICAgICAg PC9hPgoKCi AgICAgICAg ICAgICAgIC AgICAgICAg IDxwIHN0eW xlPSdtYXJn aW4tdG9wOi AxNXB4OyBm b250LXNpem U6IDEzcHg7 IGZvbnQtd2 VpZ2h0OiBi b2xkOyBjb2 xvcjogI2Qz MmYyZjsnPg ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAg8J +agCBEb27i gJl0IG1pc3 MgPGk+IlRo ZSBDaGVja2 xpc3QgVmFs dWUgSW52ZX N0b3Ig4oCU IEEgU21hcn RlciBXYXkg dG8gUGljay BTdG9ja3Mi PC9pPiDigJ QgZnJlZSEK ICAgICAgIC AgICAgICAg ICAgICAgIC AgPC9wPgoK ICAgICAgIC AgICAgICAg ICAgICAgIC AgPCEtLQog ICAgICAgIC AgICAgICAg ICAgICAgIC A8ZGl2IHN0 eWxlPSdtYX JnaW4tdG9w OiAxMnB4Oy Bmb250LXNp emU6IDEzcH g7IGNvbG9y OiAjNDQ0Oy c+CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC BTaWduIHVw IG5vdyBhbm QgZ2V0IG91 ciBmcmVlIG VCb29rIAog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgPGI+ VGhlIENoZW NrbGlzdCBW YWx1ZSBJbn Zlc3RvciDi gJQgQSBTbW FydGVyIFdh eSB0byBQaW NrIFN0b2Nr czwvYj4KIC AgICAgICAg ICAgICAgIC AgICAgICAg PC9kaXY+Ci AgICAgICAg ICAgICAgIC AgICAgICAg IC0tPgogIC AgICAgICAg ICAgICAgIC AgICAgICA8 IS0tCiAgIC AgICAgICAg ICAgICAgIC AgICAgIDxk aXYgc3R5bG U9J21hcmdp bi10b3A6ID E2cHg7IGZv bnQtc2l6ZT ogMTRweDsg Y29sb3I6IC M0NDQ7IGZv bnQtZmFtaW x5OiAtYXBw bGUtc3lzdG VtLCBCbGlu a01hY1N5c3 RlbUZvbnQs IFNlZ29lIF VJLCBSb2Jv dG8sIEhlbH ZldGljYSBO ZXVlLCBzYW 5zLXNlcmlm OyBsaW5lLW hlaWdodDog MS42Oyc+Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICBIYX ZlIHlvdSBo ZWFyZCBhYm 91dCBvdXIg c2hvcnQgPH N0cm9uZyBz dHlsZT0nZm 9udC13ZWln aHQ6IDYwMD snPkRhaWx5 IFZpZGVvIE 5ld3NsZXR0 ZXI8L3N0cm 9uZz4/CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICA8YSBo cmVmPSdodH RwczovL3d3 dy5pbnNpZ2 h0ZnVsdmFs dWUuY29tL2 5ld3NsZXR0 ZXIucGhwJy B0YXJnZXQ9 J19ibGFuay cgc3R5bGU9 J2NvbG9yOi AjMDA3QkZG OyB0ZXh0LW RlY29yYXRp b246IG5vbm U7IGZvbnQt d2VpZ2h0Oi A1MDA7IG1h cmdpbi1sZW Z0OiA2cHg7 Jz4KICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICBGaW 5kIG91dCBt b3JlCiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICA8L2E+Ci AgICAgICAg ICAgICAgIC AgICAgICAg IDwvZGl2Pg ogICAgICAg ICAgICAgIC AgICAgICAg ICAtLT4KIC AgICAgICAg ICAgICAgIC AgICA8L2Rp dj4KICAgIC AgICAgICAg ICAgIDwvZG l2PgogICAg ICAgICAgIC A8L2Rpdj4K ICAgICAgIC AgICAgCiAg ICAgICAgCi AgICAgICAg PHNwYW4gY2 xhc3M9J2Js dXJyZWQtdG V4dCc+CiAg ICAgICAgIC AgIE1TNGdR bkpwZEcgbH phQ0JRWlhS eSBiMnhsZF cwc0lHIE52 YlcxdmJteD UgSUd0dWIz ZHVJRyBGek lFSlFMQ0Jw IGN5QmhJRz ExYkggUnBi bUYwYVc5dS BZV3dnYjJs c0lHIEZ1Wk NCbllYTWcg WTI5dGNHRn VlUyBCb1pX RmtjWFZoIG NuUmxjbVZr SUcgbHVJRX h2Ym1SdiBi aXdnUlc1bm JHIEZ1WkM0 OFluSSsgTW k0Z1ZHaGxJ RyBOdmJYQm hibmtnIGQy RnpJR1p2ZF cgNWtaV1Fn YVc0ZyBNVG t3T1NCaGN5 IEIwYUdVZ1 FXNW4gYkc4 dFVHVnljMi BsaGJpQlBh V3dnIFEyOX RjR0Z1ZVMg d2dkMmwwYU NCMCBhR1Vn Y0hKcGJXIE Z5ZVNCd2RY SncgYjNObE lHOW1JRyBW NGNHeHZhWF JwIGJtY2dZ VzVrSUggTm 9hWEJ3YVc1 biBJRzlwYk NCbWNtIDl0 SUVseVlXNH UgUEdKeVBq TXVJRSBKUU lHbHpJRzl1 IFpTQnZaaU IwYUcgVWdk Mjl5YkdUaS BnSmx6SUd4 aGNtIGRsYz NRZ2IybHMg SUdGdVpDQm 5ZWCBNZ1ky OXRjR0Z1IG FXVnpMQ0Iz YVggUm9JRz l3WlhKaCBk R2x2Ym5NZ2 FXIDRnYjNa bGNpQTMgTU NCamIzVnVk SCBKcFpYTX VJRWwwIElH bHpJR0ZzYz IgOGdiMjVs SUc5bSBJSF JvWlNCemFY IGdnYzNWd1 pYSnQgWVdw dmNpQnZhVy B3Z1lXNWtJ R2RoIGN5Qm piMjF3WVcg NXBaWE11UE dKeSBQalF1 SUVGbWRHIF Z5SUhSb1pT QnQgWlhKbl pYSWdkMiBs MGFDQkJiVz lqIGJ5QnBi aUF4T1Qgaz RMQ0JDVUNC aSBaV05oYl dVZ2RHIGhs SUd4aGNtZG wgYzNRZ2NI SnZaSCBWal pYSWdiMlln IGIybHNJR0 Z1WkMgQm5Z WE1nYVc0Zy BkR2hsSUZW dWFYIFJsWk NCVGRHRjAg WlhNdVBHSn lQaiBVdUlF bHVJREl3IE 1Ua3NJRUpR SUcgaGhaQ0 JoSUhKbCBk bVZ1ZFdVZ2 IyIFlnSkRJ M09DNDAgSU dKcGJHeHBi MiA0c0lHMW hhMmx1IFp5 QnBkQ0IwYU cgVWdjMlYy Wlc1MCBhQ0 JzWVhKblpY IE4wSUdOdm JYQmggYm5r Z2FXNGdkRy BobElIZHZj bXhrIElHSj VJSEpsZG0g VnVkV1V1UE dKeSBQall1 SUVKUUlHIG hoY3lCaElI TnAgWjI1cF ptbGpZVyA1 MElIQnlaWE 5sIGJtTmxJ R2x1SUggSm xibVYzWVdK cyBaU0JsYm 1WeVozIGtz SUhkcGRHZ2 cgYVc1MlpY TjBiVyBWdW RITWdhVzRn IGQybHVaQ3 dnYzIgOXNZ WElzSUdGdS BaQ0JpYVc5 bWRXIFZzY3 k0Z1NXNGcg TWpBeE9Td2 dkRyBobElH TnZiWEJoIG Jua2dZVzV1 YjMgVnVZMl ZrSUdsMCBj eUJuYjJGc0 lIIFJ2SUdK bFkyOXQgWl NCaElHNWxk QyAxNlpYSn ZJR1Z0IGFY TnphVzl1Y3 kgQmpiMjF3 WVc1NSBJR0 o1SURJd05U IEF1UEdKeV BqY3UgSUZS b1pTQmpiMi Axd1lXNTVJ R2hoIGN5Qm laV1Z1SUcg bHVkbTlzZG 1WayBJR2x1 SUhObGRtIF Z5WVd3Z2JX RnEgYjNJZ2 IybHNJSCBO d2FXeHNjeX dnIGFXNWpi SFZrYVcgNW 5JSFJvWlNC RSBaV1Z3ZD JGMFpYIEln U0c5eWFYcH YgYmlCdmFX d2djMyBCcG JHd2dhVzRn IE1qQXhNQ3 dnZDIgaHBZ MmdnZDJGei BJSFJvWlNC c1lYIEpuWl hOMElHMWgg Y21sdVpTQn ZhVyB3Z2Mz QnBiR3dnIG FXNGdhR2x6 ZEcgOXllUz Q4WW5JKyBP QzRnUWxBZ2 FYIE1nWVNC dFlXcHYgY2 lCemNHOXVj MiA5eUlHOW 1JSFJvIFpT QmhjblJ6TE MgQnBibU5z ZFdScCBibW NnZEdobElF IEp5YVhScG MyZ2cgVFhW elpYVnRMQy BCMGFHVWdV bTk1IFlXd2 dVMmhoYTIg VnpjR1ZoY2 1VZyBRMjl0 Y0dGdWVTIH dnWVc1a0lI Um8gWlNCT1 lYUnBiMiA1 aGJDQlFiM0 owIGNtRnBk Q0JIWVcgeH NaWEo1TGlC SiBkQ0JwY3 lCaGJIIE52 SUdFZ2MzQn YgYm5OdmNp QnZaaSBCMG FHVWdURzl1 IFpHOXVJRE l3TVQgSWdU Mng1YlhCcC BZM011UEdK eVBqIGt1SU VsdUlESXcg TURVc0lFSl FJSCBKbFlu SmhibVJsIF pDQnBkSE5s YkcgWWdZWE 1nWVNCbiBj bVZsYmlCam IyIDF3WVc1 NUlHRnUgWk NCaFpHOXdk RyBWa0lIUm 9aU0J6IGJH OW5ZVzRnUW 0gVjViMjVr SUZCbCBkSE p2YkdWMWJT IHdnYUdsbm FHeHAgWjJo MGFXNW5JRy BsMGN5Qmpi MjF0IGFYUn RaVzUwSUgg UnZJSEpsYm 1WMyBZV0pz WlNCbGJtIF Z5WjNrZ1lX NWsgSUhKbF pIVmphVyA1 bklHTmhjbU p2IGJpQmxi V2x6YzIgbH Zibk11UEdK eSBQakV3TG lCQ1VDIEJv WVhNZ1ptRm ogWldRZ1kz SnBkRyBsam FYTnRJR1p2 IGNpQnBkSE 1nWlcgNTJh WEp2Ym0xbC BiblJoYkNC eVpXIE52Y2 1Rc0lHbHUg WTJ4MVpHbH VaeSBCaElD UXhPQzQzIE lHSnBiR3hw YjIgNGdabW x1WlNCbSBi M0lnZEdobE lFIFJsWlhC M1lYUmwgY2 lCSWIzSnBl bSA5dUlHOX BiQ0J6IGNH bHNiQ0JoYm 0gUWdZV05q ZFhOaCBkR2 x2Ym5NZ2Iy IFlnYkc5aV lubHAgYm1j Z1lXZGhhVy A1emRDQmpi R2x0IFlYUm xJR05vWVcg NW5aU0JzWl dkcCBjMnho ZEdsdmJpID Q4WW5JK01U RXUgSUVsdU lESXdNaiBB c0lFSlFJR0 Z1IGJtOTFi bU5sWkMgQm hJRzFoYW05 eSBJSEpsYz NSeWRXIE4w ZFhKcGJtY2 cgY0d4aGJp QjBieSBCeV pXUjFZMlVn IGFYUnpJRz lwYkMgQmhi bVFnWjJGei BJSEJ5YjJS MVkzIFJwYj I0Z1lXNWsg SUdsdVkzSm xZWCBObElH bHVkbVZ6IG RHMWxiblFn YVcgNGdjbV Z1WlhkaCBZ bXhsSUdWdV pYIEpuZVM0 OFluSSsgTV RJdUlFSlFJ RyBseklHOX VaU0J2IFpp QjBhR1VnYk cgRnlaMlZ6 ZENCbCBiWE JzYjNsbGNu IE1nYVc0Z2 RHaGwgSUZW TExDQjNhWC BSb0lHOTJa WElnIE56QX NNREF3SUcg VnRjR3h2ZV dWbCBjeUIz YjNKc1pIIG RwWkdVdVBH SnkgUGpFek xpQkpiaSBB eU1ERXhMQ0 JDIFVDQmha M0psWlcgUW dkRzhnY0dG NSBJQ1EzTG pnZ1ltIGxz YkdsdmJpQj AgYnlCaFkz RjFhWCBKbE lHRWdNekFs IElITjBZV3 RsSUcgbHVJ RkoxYzNOcC BZVzRnYzNS aGRHIFV0Yj NkdVpXUWcg YjJsc0lHTn ZiWCBCaGJu a3NJRkp2IG MyNWxablFz SUcgMWhhMm x1WnlCcCBk Q0IwYUdVZ2 JHIEZ5WjJW emRDQm0gYj NKbGFXZHVJ RyBsdWRtVn pkRzFsIGJu UWdhVzRnVW 4gVnpjMmxo YmlCbyBhWE 4wYjNKNUxq IHhpY2o0eE 5DNGcgUWxE aWdKbHpJRy B4dloyOHNJ R3R1IGIzZH VJR0Z6SUgg Um9aU0JJWl d4cCBiM01z SUhkaGN5IE JrWlhOcFoy NWwgWkNCcG JpQXlNRCBB d0lHRnVaQ0 J5IFpYQnla WE5sYm4gUn pJSFJvWlNC eiBkVzRnWj I5a0xDIEJ6 ZVcxaWIyeH AgZW1sdVp5 QjBhRyBVZ1 kyOXRjR0Z1 IGVlS0FtWE 1nWm0gOWpk WE1nYjI0Zy BjMjlzWVhJ Z1pXIDVsY2 1kNUxqeGkg Y2o0eE5TNG dRbCBBZ2FH RnpJR0psIF pXNGdhVzUy YjIgeDJaV1 FnYVc0ZyBj MlYyWlhKaG JDIEJ1YjNS aFlteGwgSU cxbGNtZGxj biBNZ1lXNW tJR0ZqIGNY VnBjMmwwYV cgOXVjeUIw YUhKdiBkV2 RvYjNWMElH IGwwY3lCb2 FYTjAgYjNK NUxDQnBibS BOc2RXUnBi bWNnIGRHaG xJRzFsY20g ZGxjaUIzYV hSbyBJRUZ0 YjJOdklHIG x1SURFNU9U Z2cgWVc1a0 lIUm9aUyBC aFkzRjFhWE 5wIGRHbHZi aUJ2WmkgQk JVa05QSUds dSBJREl3TU RBdQogICAg ICAgIDwvc3 Bhbj4KICAg ICAgICAKIC AgICAgICA=