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ner fuels In society - Overview - Community relations - Enterprise development - Education - Access to energy - Human rights - Revenue management Feedback Products and services Fuels and stations LPG - For the home Lubricants - For business Power Natural Gas LNG - For business Petrochemicals - Acetyls, aromatics, PTA Fuel cards LPG - On the road LPG - For business Route planner Roadside assistance Online store Fuels Lubricants Solar and renewables Bitumen Marine BP Openbooks Investors Introduction to BP Structure and management - Overview - Executive management Strategy and initiatives - Strategy February 2005 - Russia - Upstream major projects - Mergers and acquisitions Financial performance - Financial results - Annual Report and Accounts - Financial and operating information - 2005 reporting changes - Quarterly F&OI update - UK RNS filings - 20-F and SEC filings - Share buyback - Shares in issue Financial calendar Investing in BP - Our ISA & PEP - Learn about investing Shareholder services - Ordinary shareholders - ADS holders Shareholder meeting and voting - Shareholder Requisitioned Resolutions - AGM 2005 IR contacts Investor tools - Detailed share price - Share charts - Share price calculator and look-up ordinary shareholders - Share price calculator and look-up ADS holders - Share price calculator and look-up Frankfurt shareholders - Interactive analyst - Regulatory information service Deutsche Investoren - BP im berblick - BP Aktie - Ausblick - Finanzkalender - Rechtlicher Hinweis Press Press Releases Browse by theme Images/Graphics Features and news Speeches Careers Warning Work environment Professional development - Career stories Group wide programmes - Eurograduate programme - Global MBA - European accounting programme Select your country - Algeria - Angola - Azerbaijan - Norway - United States - Italy - Turkey - Portugal - India - North and South East Asia - Russia - Mexico - Peru - Argentina - Bolivia - Chile - Venezuela - Colombia - Brazil - Pakistan - Kuwait - Dubai - Abu Dhabi - Sharjah - Canada - Croatia - Cyprus - Georgia - Romania - Africa - United Kingdom - Norway - Egypt - Austria - Greece - Belgium - Germany - China - Trinidad and Tobago - Indonesia - Netherlands - New Zealand - South West Pacific - Spain - Switzerland Australia - Working in Australia Czech Republic - Working in Czech Republic Denmark - Working in Denmark Finland - Working in Finland France - Travailler en France Hungary - Working in Hungary Poland - Working in Poland Slovak Republic - Working in Slovak Republic Sweden - Working in Sweden Vietnam - Working in Vietnam Reports and publications Reports - Financial reports - Presentations - Environment and Society reports - Country sustainability reports - Shareholder information - Mergers and acquisitions Statistical Review of World Energy 2005 - Group chief executive's introduction - 2004 in review - Review by energy type - About the Review - Links for researchers - Statistical Review downloads - Language versions - Energy charting tool - Feedback Frontiers - Issue 13 - Issue 12 - Issue 11 - Issue 10 - Issue 09 - Archives BP Magazine - Issue two - 2005 - Issue one - 2005 - Archive back to top 1996-2005 BP p.l.c. | Legal Notice | Privacy Statement BP Site Index | Contact us | Reports and publications | BP worldwide | Home Search: About BP Environment and society Products and services Investors Press Careers Contact us Use this form to contact BP. To help us know where to direct your query or comment, please select the relevant category and sub-category below. To view sub-categories you must first click the 'Go' button. * indicates a mandatory field. Select categories Category* Select Education Shareholder/Investor information Products & services Publication requests Careers Country information Environmental & social Sub-category* Select Personal details Salutation* Select Ms. Mrs. Mr. First Name* Last Name* Email address* Mailing address City State/Province Zip code/postal code Country* Select Algeria Angola Argentina Australia Austria Azerbaijan Bangladesh Belgium Bolivia Bosnia and Herzegovina Botswana Brazil Canada Chile China Colombia Croatia Czech Republic Denmark Egypt Faroe Islands France Germany Greece Hong Kong Hungary India Indonesia Ireland Italy Japan Kazakhstan Kuwait Lesotho Luxembourg Malawi Mexico Mozambique Namibia Netherlands New Zealand Norway Oman Pakistan Papua New Guinea Peru Philippines Poland Portugal Russia Saudi Arabia Singapore Slovak Republic Slovenia South Africa South West Pacific Spain Sri Lanka Swaziland Sweden Switzerland Tanzania Thailand Trinidad & Tobago Turkey United Arab Emirates United Kingdom United States Uruguay Venezuela Vietnam Yugoslavia Zambia Phone Fax Message* Since BP operates globally, the information you submit may be transferred outside the European Economic Area. This and all other transmissions will remain secure and under our sole control. By checking the 'I accept' box below, you consent to such a transfer. Please indicate your acceptance of the Privacy statement by checking the 'I accept the following terms and conditions' box below. I accept I consent for the personal data that I have provided to be used for marketing purposes. back to top 1996-2005 BP p.l.c. | Legal Notice | Privacy Statement BP Site Index | Contact us | Reports and publications | BP worldwide | Home Search: About BP Environment and society Products and services Investors Press Careers BP Global Site Index Site Index About BP BP at a glance Who we are - Our brands - Our history - Group organization - The board - World advertising What we do - An overview of BP - Exploration and production - Pipelines and shipping - Refining and marketing - Gas and power - Petrochemicals - Renewable and alternative energy Where we operate - BP worldwide How we run the business - How BP works - Corporate governance - Our brand - Our objectives - Our values - Code of conduct - Technology BP Explorer - The Global Challenge - The race - The yacht - The route - The people - The selection - The video gallery - Save the Children - the race charity Environment and society BP and responsibility - Introduction - Business benefits - GCE's statement - Achievements - Challenges - How we run our business - Dialogue and engagement - How we report Our operations - Overview - Environmentally sensitive areas - Management and compliance - Energy efficiency - Air emissions - Halocarbons - Water management - Spills - Waste management - Green office - Land restoration and decommissioning Health, safety and security - Overview - Personal safety - Driving safety - Site safety - Occupational health - Public Health - Security Our people - Employees - Diversity - Inclusion - Meritocracy Business ethics - Setting high standards - BP's code of conduct - Certification - Raising awareness - Bribery and corruption - OpenTalk - Policy breaches - Political activity Climate change - Overview - Explaining the issue - Facing the challenge - Stabilizing emissions - Emissions from our products - Emissions from our operations - Emissions trading - Supporting research - Carbon capture and storage Carbon reduction - Carbon footprint calculator - What BP is doing - What others are doing - What you can do Our products - Explaining the issues - Outlining our approach - Gas - Renewable energy - Using our products safely - Fuels for transport - Petrochemical products - Hydrogen - Cleaner fuels In society - Overview - Community relations - Enterprise development - Education - Access to energy - Human rights - Revenue management Feedback Products and services Fuels and stations LPG - For the home Lubricants - For business Power Natural Gas LNG - For business Petrochemicals - Acetyls, aromatics, PTA Fuel cards LPG - On the road LPG - For business Route planner Roadside assistance Online store Fuels Lubricants Solar and renewables Bitumen Marine BP Openbooks Investors Introduction to BP Structure and management - Overview - Executive management Strategy and initiatives - Strategy February 2005 - Russia - Upstream major projects - Mergers and acquisitions Financial performance - Financial results - Annual Report and Accounts - Financial and operating information - 2005 reporting changes - Quarterly F&OI update - UK RNS filings - 20-F and SEC filings - Share buyback - Shares in issue Financial calendar Investing in BP - Our ISA & PEP - Learn about investing Shareholder services - Ordinary shareholders - ADS holders Shareholder meeting and voting - Shareholder Requisitioned Resolutions - AGM 2005 IR contacts Investor tools - Detailed share price - Share charts - Share price calculator and look-up ordinary shareholders - Share price calculator and look-up ADS holders - Share price calculator and look-up Frankfurt shareholders - Interactive analyst - Regulatory information service Deutsche Investoren - BP im berblick - BP Aktie - Ausblick - Finanzkalender - Rechtlicher Hinweis Press Press Releases Browse by theme Images/Graphics Features and news Speeches Careers Warning Work environment Professional development - Career stories Group wide programmes - Eurograduate programme - Global MBA - European accounting programme Select your country - Algeria - Angola - Azerbaijan - Norway - United States - Italy - Turkey - Portugal - India - North and South East Asia - Russia - Mexico - Peru - Argentina - Bolivia - Chile - Venezuela - Colombia - Brazil - Pakistan - Kuwait - Dubai - Abu Dhabi - Sharjah - Canada - Croatia - Cyprus - Georgia - Romania - Africa - United Kingdom - Norway - Egypt - Austria - Greece - Belgium - Germany - China - Trinidad and Tobago - Indonesia - Netherlands - New Zealand - South West Pacific - Spain - Switzerland Australia - Working in Australia Czech Republic - Working in Czech Republic Denmark - Working in Denmark Finland - Working in Finland France - Travailler en France Hungary - Working in Hungary Poland - Working in Poland Slovak Republic - Working in Slovak Republic Sweden - Working in Sweden Vietnam - Working in Vietnam Reports and publications Reports - Financial reports - Presentations - Environment and Society reports - Country sustainability reports - Shareholder information - Mergers and acquisitions Statistical Review of World Energy 2005 - Group chief executive's introduction - 2004 in review - Review by energy type - About the Review - Links for researchers - Statistical Review downloads - Language versions - Energy charting tool - Feedback Frontiers - Issue 13 - Issue 12 - Issue 11 - Issue 10 - Issue 09 - Archives BP Magazine - Issue two - 2005 - Issue one - 2005 - Archive back to top 1996-2005 BP p.l.c. | Legal Notice | Privacy Statement BP Site Index | Contact us | Reports and publications | BP worldwide | Home Search: About BP Environment and society Products and services Investors Press Careers Contact us Use this form to contact BP. To help us know where to direct your query or comment, please select the relevant category and sub-category below. To view sub-categories you must first click the 'Go' button. * indicates a mandatory field. Select categories Category* Select Education Shareholder/Investor information Products & services Publication requests Careers Country information Environmental & social Sub-category* Select Personal details Salutation* Select Ms. Mrs. Mr. First Name* Last Name* Email address* Mailing address City State/Province Zip code/postal code Country* Select Algeria Angola Argentina Australia Austria Azerbaijan Bangladesh Belgium Bolivia Bosnia and Herzegovina Botswana Brazil Canada Chile China Colombia Croatia Czech Republic Denmark Egypt Faroe Islands France Germany Greece Hong Kong Hungary India Indonesia Ireland Italy Japan Kazakhstan Kuwait Lesotho Luxembourg Malawi Mexico Mozambique Namibia Netherlands New Zealand Norway Oman Pakistan Papua New Guinea Peru Philippines Poland Portugal Russia Saudi Arabia Singapore Slovak Republic Slovenia South Africa South West Pacific Spain Sri Lanka Swaziland Sweden Switzerland Tanzania Thailand Trinidad & Tobago Turkey United Arab Emirates United Kingdom United States Uruguay Venezuela Vietnam Yugoslavia Zambia Phone Fax Message* Since BP operates globally, the information you submit may be transferred outside the European Economic Area. This and all other transmissions will remain secure and under our sole control. By checking the 'I accept' box below, you consent to such a transfer. Please indicate your acceptance of the Privacy statement by checking the 'I accept the following terms and conditions' box below. I accept I consent for the personal data that I have provided to be used for marketing purposes. back to top 1996-2005 BP p.l.c. | Legal Notice | Privacy Statement BP Global/Press/BP sells Ruhrgas stake in deal that would make it market leader in German fuels Site Index | Contact us | Reports and publications | BP worldwide | Home Search: About BP Environment and society Products and services Investors Press Careers BP Global Press Press Releases Press Releases Images/Graphics Features and news Speeches BP sells Ruhrgas stake in deal that would make it market leader in German fuels Release date: 16 July 2001 In a move that could propel it to first place in the German fuels market and fundamentally transform its downstream position in central Europe, BP announced today that it is to take a majority stake in Veba Oil which owns Aral, Germany's biggest fuels retailer. Subject to regulatory approvals, the deal - in the form of a joint venture between BP and Veba Oil's owner E.ON - involves BP taking 51 per cent and operational control of Veba Oil and offers the prospect of full ownership as early as the second quarter of next year. In return, E.ON will receive 51 per cent of Gelsenberg - which holds BP's 25.5 per cent stake in Ruhrgas, Germany's leading gas distributor - plus a balancing cash payment of $1.63 billion, subject to adjustments, and an assumption by BP of $950 million of debt. Terms have also been agreed which could result in BP transferring its remaining Ruhrgas stake and paying a further $340 million for the remainder of Veba Oil. The cash cost to BP of acquiring all of Veba Oil could be significantly offset by proceeds from a re-sale of Veba Oil's upstream business which produces 160,000 barrels of oil and gas equivalent a day. These proceeds would be shared with E.ON but with the bulk accruing to BP. BP chief executive Lord Browne said the transaction would be immediately accretive to earnings and returns and, if BP acquired all of Veba Oil, should deliver annual synergies and savings of at least $200 million and greatly enhance future downstream growth in Europe. Browne said: "E.ON's wish to deepen its gas interests and exit downstream oil has presented BP with a unique opportunity to realise two strategic aims - achieve market leadership at the heart of Europe and realise excellent value for our stake in Ruhrgas. "We've been very successful in the past three years at building big, efficient downstream positions in key world markets, but our buyout of Mobil gave us no significant assets in Germany. This transaction has the potential to transform that position at a stroke, giving us the leading, most efficient fuels business in the world's third largest economy. "It also allows us to exit Ruhrgas - a passive equity investment we have been seeking to monetise for a decade - to a buyer happy to pay an excellent premium for an asset that fits very neatly with their growth strategy," Browne said. Aral's highly-efficient domestic network of 2,560 retail sites has daily fuel sales of 170,000 barrels and 1.7 million customers a day in Germany. Adding BP's existing German retail business would boost fuel sales to 230,000 barrels a day and shop revenues to over $2 billion a year, creating a market leadership position in fuels. Aral also operates 450 high-quality retail sites in adjacent countries - chiefly Austria and Poland where BP also has key positions. As well as its retail assets, Veba Oil owns the Lingen refinery and has interests in four other refineries in Germany with a total net capacity of over 300,000 barrels a day. BP said the addition of these plants would significantly enhance its supply logistics and boost its clean fuels capacity in central Europe. Veba Oil's petrochemicals business, with an ethylene capacity of 1.3 million tonnes a year, would help meet BP's future chemical feedstock needs in the region. Veba Oil's upstream subsidiary has interests in 13 countries, including Venezuela, offshore UK, the Netherlands and Norway, with daily oil-equivalent production of 160,000 barrels. BP said it would review these assets, most of which are likely to be non-core to its own upstream business and may be re-sold. The proceeds, likely to be significant, would be shared between BP and E.ON on a sliding scale based on the total price, with the bulk going to BP. Under the terms of today's deal, which is subject to the approval of the European Commission and other authorities, BP and E.ON, will form two joint ventures. The first gives BP 51 per cent and operating control of Veba Oil with the balance held by E.ON. In return, the second gives E.ON a 51 per cent stake in Gelsenberg which holds BP's 25.5 per cent of Ruhrgas. The agreement incorporates 'put' options giving the minority shareholder in each joint venture the right to be bought out by the majority owner. Both options are exercisable after the first quarter of next year. BP said that, were it to take full control of Veba Oil, it would consolidate Aral's operations with its own marketing business and retain Aral as BP's sole retail fuels brand in Germany. Business operations, including petrochemicals and refining, would be run from the North-Rhine Westphalia region, where Veba Oil and Aral are currently based. Corporate functions from BP's existing head office in Hamburg would also move, with new locations still being considered. BP said that in the event of such consolidation, it would expect be able to reduce the costs of the combined business by some 15 per cent and that this would entail some reduction in the workforce. BP is being advised by Deutsche Bank AG London. Notes to editors: There will be simultaneous press conferences at the BP warehouse facility, 6-7 Wenlock Road, London N1 at 1045 BST and at E.ON AG, Bennigsenplatz 1, 40474 Dusseldorf at 1145 CET today (16 July 2001). There will be a slidecast for analysts, hosted by Lord Browne, at 1400 BST today (16 July 2001). The slidecast can be viewed via the internet at: http://www.bp.com Background information on Veba Oil Veba Oil employs around 8,750 staff and is headquartered at Gelsenkirchen; Aral's head office is in Bochum. In the 12 months to December 31, 2000 Veba Oil reported profits before tax of 733 million and had net assets at that date of 1.077 billion. Aral, a wholly-owned subsidiary of Veba Oil, is the leading retail fuels marketer in Germany with around 2,560 service stations and approximately 18 per cent market share by volume. Aral also has around 450 service stations in Austria, Poland, Czech Republic, Slovakia, Hungary and Luxembourg. Veba Oil has interests in five German refineries - Gelsenkirchen (50 per cent), Lingen (100 per cent), Miro (12 per cent), Bayern Oil (12.5 per cent) and Schwedt (18.75 per cent). With the exception of Lingen, these interests are held through Ruhr Oil - 50/50 joint venture with Petroleos de Venezeula SA (PdVSA). Total net refining capacity amounts to some 300,000 barrels a day. Veba Oil has major petrochemicals facilities at Gelsenkirchen and Munchmunster. Total ethylene capacity is some 1.3 million tonnes a year. Through a wholly-owned subsidiary, Veba Oil has oil and gas operations in 13 countries, including the UK, Netherlands, Norway, Venezuela, Trinidad, Kazahkstan, Syria, Egypt and Libya. Background information on BP in Germany Headquartered in Hamburg, BP in Germany employs around 4,200 staff. It has some 950 filling stations with a market share of approximately seven per cent by volume. BP has a 55 per cent interest in the Bayernoil refinery and has a net German refining capacity of some 145,000 barrels a day. Ruhrgas had net assets of 2,533 million at 31 December 2000 and pre-tax profit for the year of 694 million. BP's post-tax operating dividend from Ruhrgas in 2000 was $63 million. Statements made in this press release, particularly those regarding earnings, returns, synergies, savings, value, sales and revenues are or may be forward-looking statements and actual results may differ materially from those expressed or implied in such statements. Infomation concerning factors that could cause actual results to differ materially from those in the forward-looking statements are contained in BP's latest published annual report and accounts and in BP's latest published report on Form 20F filed with the US Securities and Exchange Commission. In this section Imperial College London-BP Project to Explore Energy Savings in Cities Strong Environment, Strong Performance Former U.S. Secretary of State James A Baker, III to Chair Independent Safety Review Panel BP Makes Ninth Oil Discovery in the Ultra-Deep Water Block 31 Angola Apex- BP Solar Takes Part in the Electrical Development of the Great Southern Desert of Tunisia More back to top 1996-2005 BP p.l.c. | Legal Notice | Privacy Statement BP Site Index | Contact us | Reports and publications | BP worldwide | Home Search: About BP Environment and society Products and services Investors Press Careers BP Global Site Index Site Index About BP BP at a glance Who we are - Our brands - Our history - Group organization - The board - World advertising What we do - An overview of BP - Exploration and production - Pipelines and shipping - Refining and marketing - Gas and power - Petrochemicals - Renewable and alternative energy Where we operate - BP worldwide How we run the business - How BP works - Corporate governance - Our brand - Our objectives - Our values - Code of conduct - Technology BP Explorer - The Global Challenge - The race - The yacht - The route - The people - The selection - The video gallery - Save the Children - the race charity Environment and society BP and responsibility - Introduction - Business benefits - GCE's statement - Achievements - Challenges - How we run our business - Dialogue and engagement - How we report Our operations - Overview - Environmentally sensitive areas - Management and compliance - Energy efficiency - Air emissions - Halocarbons - Water management - Spills - Waste management - Green office - Land restoration and decommissioning Health, safety and security - Overview - Personal safety - Driving safety - Site safety - Occupational health - Public Health - Security Our people - Employees - Diversity - Inclusion - Meritocracy Business ethics - Setting high standards - BP's code of conduct - Certification - Raising awareness - Bribery and corruption - OpenTalk - Policy breaches - Political activity Climate change - Overview - Explaining the issue - Facing the challenge - Stabilizing emissions - Emissions from our products - Emissions from our operations - Emissions trading - Supporting research - Carbon capture and storage Carbon reduction - Carbon footprint calculator - What BP is doing - What others are doing - What you can do Our products - Explaining the issues - Outlining our approach - Gas - Renewable energy - Using our products safely - Fuels for transport - Petrochemical products - Hydrogen - Cleaner fuels In society - Overview - Community relations - Enterprise development - Education - Access to energy - Human rights - Revenue management Feedback Products and services Fuels and stations LPG - For the home Lubricants - For business Power Natural Gas LNG - For business Petrochemicals - Acetyls, aromatics, PTA Fuel cards LPG - On the road LPG - For business Route planner Roadside assistance Online store Fuels Lubricants Solar and renewables Bitumen Marine BP Openbooks Investors Introduction to BP Structure and management - Overview - Executive management Strategy and initiatives - Strategy February 2005 - Russia - Upstream major projects - Mergers and acquisitions Financial performance - Financial results - Annual Report and Accounts - Financial and operating information - 2005 reporting changes - Quarterly F&OI update - UK RNS filings - 20-F and SEC filings - Share buyback - Shares in issue Financial calendar Investing in BP - Our ISA & PEP - Learn about investing Shareholder services - Ordinary shareholders - ADS holders Shareholder meeting and voting - Shareholder Requisitioned Resolutions - AGM 2005 IR contacts Investor tools - Detailed share price - Share charts - Share price calculator and look-up ordinary shareholders - Share price calculator and look-up ADS holders - Share price calculator and look-up Frankfurt shareholders - Interactive analyst - Regulatory information service Deutsche Investoren - BP im berblick - BP Aktie - Ausblick - Finanzkalender - Rechtlicher Hinweis Press Press Releases Browse by theme Images/Graphics Features and news Speeches Careers Warning Work environment Professional development - Career stories Group wide programmes - Eurograduate programme - Global MBA - European accounting programme Select your country - Algeria - Angola - Azerbaijan - Norway - United States - Italy - Turkey - Portugal - India - North and South East Asia - Russia - Mexico - Peru - Argentina - Bolivia - Chile - Venezuela - Colombia - Brazil - Pakistan - Kuwait - Dubai - Abu Dhabi - Sharjah - Canada - Croatia - Cyprus - Georgia - Romania - Africa - United Kingdom - Norway - Egypt - Austria - Greece - Belgium - Germany - Trinidad and Tobago - Netherlands - New Zealand - South West Pacific - Spain - Switzerland Australia - Working in Australia China - Working in China Czech Republic - Working in Czech Republic Denmark - Working in Denmark Finland - Working in Finland France - Travailler en France Hungary - Working in Hungary Indonesia - Working in Indonesia Poland - Working in Poland Slovak Republic - Working in Slovak Republic Sweden - Working in Sweden Vietnam - Working in Vietnam Reports and publications Reports - Financial reports - Presentations - Environment and Society reports - Country sustainability reports - Shareholder information - Mergers and acquisitions Statistical Review of World Energy 2005 - Group chief executive's introduction - 2004 in review - Review by energy type - About the Review - Links for researchers - Statistical Review downloads - Language versions - Energy charting tool - Feedback Frontiers - Issue 13 - Issue 12 - Issue 11 - Issue 10 - Issue 09 - Archives BP Magazine - Issue two - 2005 - Issue one - 2005 - Archive back to top 1996-2005 BP p.l.c. | Legal Notice | Privacy Statement BP Site Index | Contact us | Reports and publications | BP worldwide | Home Search: About BP Environment and society Products and services Investors Press Careers Contact us Use this form to contact BP. To help us know where to direct your query or comment, please select the relevant category and sub-category below. To view sub-categories you must first click the 'Go' button. * indicates a mandatory field. Select categories Category* Select Education Shareholder/Investor information Products & services Publication requests Careers Country information Environmental & social Sub-category* Select Personal details Salutation* Select Ms. Mrs. Mr. First Name* Last Name* Email address* Mailing address City State/Province Zip code/postal code Country* Select Algeria Angola Argentina Australia Austria Azerbaijan Bangladesh Belgium Bolivia Bosnia and Herzegovina Botswana Brazil Canada Chile China Colombia Croatia Czech Republic Denmark Egypt Faroe Islands France Germany Greece Hong Kong Hungary India Indonesia Ireland Italy Japan Kazakhstan Kuwait Lesotho Luxembourg Malawi Mexico Mozambique Namibia Netherlands New Zealand Norway Oman Pakistan Papua New Guinea Peru Philippines Poland Portugal Russia Saudi Arabia Singapore Slovak Republic Slovenia South Africa South West Pacific Spain Sri Lanka Swaziland Sweden Switzerland Tanzania Thailand Trinidad & Tobago Turkey United Arab Emirates United Kingdom United States Uruguay Venezuela Vietnam Yugoslavia Zambia Phone Fax Message* Since BP operates globally, the information you submit may be transferred outside the European Economic Area. This and all other transmissions will remain secure and under our sole control. By checking the 'I accept' box below, you consent to such a transfer. Please indicate your acceptance of the Privacy statement by checking the 'I accept the following terms and conditions' box below. I accept I consent for the personal data that I have provided to be used for marketing purposes. back to top 1996-2005 BP p.l.c. | Legal Notice | Privacy Statement Error Page Site Index | Contact us | Reports and publications | BP worldwide | Home Search: About BP Environment and society Products and services Investors Press Careers Error Page Unfortunately, the page you requested could not be displayed. 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Please use the navigation above to continue, or click the link below to return to the previous page Click here to go back back to top 1996-2005 BP p.l.c. | Legal Notice | Privacy Statement BP Global/Investors/ Site Index | Contact us | Reports and publications | BP worldwide | Home Search: About BP Environment and society Products and services Investors Press Careers BP Global Investors Financial performance Financial and operating information Financial results Annual Report and Accounts Financial and operating information 2005 reporting changes Quarterly F&OI update UK RNS filings 20-F and SEC filings Share buyback Shares in issue back to top 1996-2005 BP p.l.c. | Legal Notice | Privacy Statement BP Global/Investors/ Site Index | Contact us | Reports and publications | BP worldwide | Home Search: About BP Environment and society Products and services Investors Press Careers BP Global Investors Financial performance 2005 reporting changes Financial results Annual Report and Accounts Financial and operating information 2005 reporting changes Quarterly F&OI update UK RNS filings 20-F and SEC filings Share buyback Shares in issue In this section 2004 reporting changes back to top 1996-2005 BP p.l.c. | Legal Notice | Privacy Statement Error Page Site Index | Contact us | Reports and publications | BP worldwide | Home Search: About BP Environment and society Products and services Investors Press Careers Error Page Unfortunately, the page you requested could not be displayed. Please use the navigation above to continue, or click the link below to return to the previous page Click here to go back back to top 1996-2005 BP p.l.c. | Legal Notice | Privacy Statement BP Global/Investors/ Site Index | Contact us | Reports and publications | BP worldwide | Home Search: About BP Environment and society Products and services Investors Press Careers BP Global Investors Financial performance Quarterly F&OI update Financial results Annual Report and Accounts Financial and operating information 2005 reporting changes Quarterly F&OI update UK RNS filings 20-F and SEC filings Share buyback Shares in issue back to top 1996-2005 BP p.l.c. | Legal Notice | Privacy Statement BP Global/Investors/ Site Index | Contact us | Reports and publications | BP worldwide | Home Search: About BP Environment and society Products and services Investors Press Careers BP Global Investors Financial performance UK RNS filings Financial results Annual Report and Accounts Financial and operating information 2005 reporting changes Quarterly F&OI update UK RNS filings 20-F and SEC filings Share buyback Shares in issue back to top 1996-2005 BP p.l.c. | Legal Notice | Privacy Statement BP Global/Investors/ Site Index | Contact us | Reports and publications | BP worldwide | Home Search: About BP Environment and society Products and services Investors Press Careers BP Global Investors Financial performance 20-F and SEC filings Financial results Annual Report and Accounts Financial and operating information 2005 reporting changes Quarterly F&OI update UK RNS filings 20-F and SEC filings Share buyback Shares in issue back to top 1996-2005 BP p.l.c. | Legal Notice | Privacy Statement BP Global/Investors/ Contact us | Reports and publications | BP worldwide | Home Search About BP Environment and society Products and services Investors Press Careers BP Global Investors Financial performance Share buyback Financial results Annual Report and Accounts Financial and operating information 2005 reporting changes Quarterly F&OI update UK RNS filings 20-F and SEC filings Share buyback Shares in issue back to top 1996-2005 BP p.l.c. | Legal Notice | Privacy Statement BP Global/Investors/ Contact us | Reports and publications | BP worldwide | Home Search About BP Environment and society Products and services Investors Press Careers BP Global Investors Financial performance Shares in issue Financial results Annual Report and Accounts Financial and operating information 2005 reporting changes Quarterly F&OI update UK RNS filings 20-F and SEC filings Share buyback Shares in issue back to top 1996-2005 BP p.l.c. | Legal Notice | Privacy Statement BP Site Index | Contact us | Reports and publications | BP worldwide | Home Search: About BP Environment and society Products and services Investors Press Careers Contact us Use this form to contact BP. To help us know where to direct your query or comment, please select the relevant category and sub-category below. To view sub-categories you must first click the 'Go' button. * indicates a mandatory field. Select categories Category* Select Education Shareholder/Investor information Products & services Publication requests Careers Country information Environmental & social Sub-category* Select Personal details Salutation* Select Ms. Mrs. Mr. First Name* Last Name* Email address* Mailing address City State/Province Zip code/postal code Country* Select Algeria Angola Argentina Australia Austria Azerbaijan Bangladesh Belgium Bolivia Bosnia and Herzegovina Botswana Brazil Canada Chile China Colombia Croatia Czech Republic Denmark Egypt Faroe Islands France Germany Greece Hong Kong Hungary India Indonesia Ireland Italy Japan Kazakhstan Kuwait Lesotho Luxembourg Malawi Mexico Mozambique Namibia Netherlands New Zealand Norway Oman Pakistan Papua New Guinea Peru Philippines Poland Portugal Russia Saudi Arabia Singapore Slovak Republic Slovenia South Africa South West Pacific Spain Sri Lanka Swaziland Sweden Switzerland Tanzania Thailand Trinidad & Tobago Turkey United Arab Emirates United Kingdom United States Uruguay Venezuela Vietnam Yugoslavia Zambia Phone Fax Message* Since BP operates globally, the information you submit may be transferred outside the European Economic Area. This and all other transmissions will remain secure and under our sole control. By checking the 'I accept' box below, you consent to such a transfer. Please indicate your acceptance of the Privacy statement by checking the 'I accept the following terms and conditions' box below. I accept I consent for the personal data that I have provided to be used for marketing purposes. back to top 1996-2005 BP p.l.c. | Legal Notice | Privacy Statement BP Site Index | Contact us | Reports and publications | BP worldwide | Home Search: About BP Environment and society Products and services Investors Press Careers BP Global Site Index Site Index About BP BP at a glance Who we are - Our brands - Our history - Group organization - The board - World advertising What we do - An overview of BP - Exploration and production - Pipelines and shipping - Refining and marketing - Gas and power - Petrochemicals - Renewable and alternative energy Where we operate - BP worldwide How we run the business - How BP works - Corporate governance - Our brand - Our objectives - Our values - Code of conduct - Technology BP Explorer - The Global Challenge - The race - The yacht - The route - The people - The selection - The video gallery - Save the Children - the race charity Environment and society BP and responsibility - Introduction - Business benefits - GCE's statement - Achievements - Challenges - How we run our business - Dialogue and engagement - How we report Our operations - Overview - Environmentally sensitive areas - Management and compliance - Energy efficiency - Air emissions - Halocarbons - Water management - Spills - Waste management - Green office - Land restoration and decommissioning Health, safety and security - Overview - Personal safety - Driving safety - Site safety - Occupational health - Public Health - Security Our people - Employees - Diversity - Inclusion - Meritocracy Business ethics - Setting high standards - BP's code of conduct - Certification - Raising awareness - Bribery and corruption - OpenTalk - Policy breaches - Political activity Climate change - Overview - Explaining the issue - Facing the challenge - Stabilizing emissions - Emissions from our products - Emissions from our operations - Emissions trading - Supporting research - Carbon capture and storage Carbon reduction - Carbon footprint calculator - What BP is doing - What others are doing - What you can do Our products - Explaining the issues - Outlining our approach - Gas - Renewable energy - Using our products safely - Fuels for transport - Petrochemical products - Hydrogen - Cleaner fuels In society - Overview - Community relations - Enterprise development - Education - Access to energy - Human rights - Revenue management Feedback Products and services Fuels and stations LPG - For the home Lubricants - For business Power Natural Gas LNG - For business Petrochemicals - Acetyls, aromatics, PTA Fuel cards LPG - On the road LPG - For business Route planner Roadside assistance Online store Fuels Lubricants Solar and renewables Bitumen Marine BP Openbooks Investors Introduction to BP Structure and management - Overview - Executive management Strategy and initiatives - Strategy February 2005 - Russia - Upstream major projects - Mergers and acquisitions Financial performance - Financial results - Annual Report and Accounts - Financial and operating information - 2005 reporting changes - Quarterly F&OI update - UK RNS filings - 20-F and SEC filings - Share buyback - Shares in issue Financial calendar Investing in BP - Our ISA & PEP - Learn about investing Shareholder services - Ordinary shareholders - ADS holders Shareholder meeting and voting - Shareholder Requisitioned Resolutions - AGM 2005 IR contacts Investor tools - Detailed share price - Share charts - Share price calculator and look-up ordinary shareholders - Share price calculator and look-up ADS holders - Share price calculator and look-up Frankfurt shareholders - Interactive analyst - Regulatory information service Deutsche Investoren - BP im berblick - BP Aktie - Ausblick - Finanzkalender - Rechtlicher Hinweis Press Press Releases Browse by theme Images/Graphics Features and news Speeches Careers Warning Work environment Professional development - Career stories Group wide programmes - Eurograduate programme - Global MBA - European accounting programme Select your country - Algeria - Angola - Azerbaijan - Norway - United States - Italy - Turkey - Portugal - India - North and South East Asia - Russia - Mexico - Peru - Argentina - Bolivia - Chile - Venezuela - Colombia - Brazil - Pakistan - Kuwait - Dubai - Abu Dhabi - Sharjah - Canada - Croatia - Cyprus - Georgia - Romania - Africa - United Kingdom - Norway - Egypt - Austria - Greece - Belgium - Germany - Trinidad and Tobago - Netherlands - New Zealand - South West Pacific - Spain - Switzerland Australia - Working in Australia China - Working in China Czech Republic - Working in Czech Republic Denmark - Working in Denmark Finland - Working in Finland France - Travailler en France Hungary - Working in Hungary Indonesia - Working in Indonesia Poland - Working in Poland Slovak Republic - Working in Slovak Republic Sweden - Working in Sweden Vietnam - Working in Vietnam Reports and publications Reports - Financial reports - Presentations - Environment and Society reports - Country sustainability reports - Shareholder information - Mergers and acquisitions Statistical Review of World Energy 2005 - Group chief executive's introduction - 2004 in review - Review by energy type - About the Review - Links for researchers - Statistical Review downloads - Language versions - Energy charting tool - Feedback Frontiers - Issue 13 - Issue 12 - Issue 11 - Issue 10 - Issue 09 - Archives BP Magazine - Issue two - 2005 - Issue one - 2005 - Archive back to top 1996-2005 BP p.l.c. | Legal Notice | Privacy Statement BP Site Index | Contact us | Reports and publications | BP worldwide | Home Search: About BP Environment and society Products and services Investors Press Careers Contact us Use this form to contact BP. 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Select categories Category* Select Education Shareholder/Investor information Products & services Publication requests Careers Country information Environmental & social Sub-category* Select Personal details Salutation* Select Ms. Mrs. Mr. First Name* Last Name* Email address* Mailing address City State/Province Zip code/postal code Country* Select Algeria Angola Argentina Australia Austria Azerbaijan Bangladesh Belgium Bolivia Bosnia and Herzegovina Botswana Brazil Canada Chile China Colombia Croatia Czech Republic Denmark Egypt Faroe Islands France Germany Greece Hong Kong Hungary India Indonesia Ireland Italy Japan Kazakhstan Kuwait Lesotho Luxembourg Malawi Mexico Mozambique Namibia Netherlands New Zealand Norway Oman Pakistan Papua New Guinea Peru Philippines Poland Portugal Russia Saudi Arabia Singapore Slovak Republic Slovenia South Africa South West Pacific Spain Sri Lanka Swaziland Sweden Switzerland Tanzania Thailand Trinidad & Tobago Turkey United Arab Emirates United Kingdom United States Uruguay Venezuela Vietnam Yugoslavia Zambia Phone Fax Message* Since BP operates globally, the information you submit may be transferred outside the European Economic Area. This and all other transmissions will remain secure and under our sole control. By checking the 'I accept' box below, you consent to such a transfer. Please indicate your acceptance of the Privacy statement by checking the 'I accept the following terms and conditions' box below. I accept I consent for the personal data that I have provided to be used for marketing purposes. back to top 1996-2005 BP p.l.c. | Legal Notice | Privacy Statement BP Site Index | Contact us | Reports and publications | BP worldwide | Home Search: About BP Environment and society Products and services Investors Press Careers BP Global Site Index Site Index About BP BP at a glance Who we are - Our brands - Our history - Group organization - The board - World advertising What we do - An overview of BP - Exploration and production - Pipelines and shipping - Refining and marketing - Gas and power - Petrochemicals - Renewable and alternative energy Where we operate - BP worldwide How we run the business - How BP works - Corporate governance - Our brand - Our objectives - Our values - Code of conduct - Technology BP Explorer - The Global Challenge - The race - The yacht - The route - The people - The selection - The video gallery - Save the Children - the race charity Environment and society BP and responsibility - Introduction - Business benefits - GCE's statement - Achievements - Challenges - How we run our business - Dialogue and engagement - How we report Our operations - Overview - Environmentally sensitive areas - Management and compliance - Energy efficiency - Air emissions - Halocarbons - Water management - Spills - Waste management - Green office - Land restoration and decommissioning Health, safety and security - Overview - Personal safety - Driving safety - Site safety - Occupational health - Public Health - Security Our people - Employees - Diversity - Inclusion - Meritocracy Business ethics - Setting high standards - BP's code of conduct - Certification - Raising awareness - Bribery and corruption - OpenTalk - Policy breaches - Political activity Climate change - Overview - Explaining the issue - Facing the challenge - Stabilizing emissions - Emissions from our products - Emissions from our operations - Emissions trading - Supporting research - Carbon capture and storage Carbon reduction - Carbon footprint calculator - What BP is doing - What others are doing - What you can do Our products - Explaining the issues - Outlining our approach - Gas - Renewable energy - Using our products safely - Fuels for transport - Petrochemical products - Hydrogen - Cleaner fuels In society - Overview - Community relations - Enterprise development - Education - Access to energy - Human rights - Revenue management Feedback Products and services Fuels and stations LPG - For the home Lubricants - For business Power Natural Gas LNG - For business Petrochemicals - Acetyls, aromatics, PTA Fuel cards LPG - On the road LPG - For business Route planner Roadside assistance Online store Fuels Lubricants Solar and renewables Bitumen Marine BP Openbooks Investors Introduction to BP Structure and management - Overview - Executive management Strategy and initiatives - Strategy February 2005 - Russia - Upstream major projects - Mergers and acquisitions Financial performance - Financial results - Annual Report and Accounts - Financial and operating information - 2005 reporting changes - Quarterly F&OI update - UK RNS filings - 20-F and SEC filings - Share buyback - Shares in issue Financial calendar Investing in BP - Our ISA & PEP - Learn about investing Shareholder services - Ordinary shareholders - ADS holders Shareholder meeting and voting - Shareholder Requisitioned Resolutions - AGM 2005 IR contacts Investor tools - Detailed share price - Share charts - Share price calculator and look-up ordinary shareholders - Share price calculator and look-up ADS holders - Share price calculator and look-up Frankfurt shareholders - Interactive analyst - Regulatory information service Deutsche Investoren - BP im berblick - BP Aktie - Ausblick - Finanzkalender - Rechtlicher Hinweis Press Press Releases Browse by theme Images/Graphics Features and news Speeches Careers Warning Work environment Professional development - Career stories Group wide programmes - Eurograduate programme - Global MBA - European accounting programme Select your country - Algeria - Angola - Azerbaijan - Norway - United States - Italy - Turkey - Portugal - India - North and South East Asia - Russia - Mexico - Peru - Argentina - Bolivia - Chile - Venezuela - Colombia - Brazil - Pakistan - Kuwait - Dubai - Abu Dhabi - Sharjah - Canada - Croatia - Cyprus - Georgia - Romania - Africa - United Kingdom - Norway - Egypt - Austria - Greece - Belgium - Germany - Trinidad and Tobago - Netherlands - New Zealand - South West Pacific - Spain - Switzerland Australia - Working in Australia China - Working in China Czech Republic - Working in Czech Republic Denmark - Working in Denmark Finland - Working in Finland France - Travailler en France Hungary - Working in Hungary Indonesia - Working in Indonesia Poland - Working in Poland Slovak Republic - Working in Slovak Republic Sweden - Working in Sweden Vietnam - Working in Vietnam Reports and publications Reports - Financial reports - Presentations - Environment and Society reports - Country sustainability reports - Shareholder information - Mergers and acquisitions Statistical Review of World Energy 2005 - Group chief executive's introduction - 2004 in review - Review by energy type - About the Review - Links for researchers - Statistical Review downloads - Language versions - Energy charting tool - Feedback Frontiers - Issue 13 - Issue 12 - Issue 11 - Issue 10 - Issue 09 - Archives BP Magazine - Issue two - 2005 - Issue one - 2005 - Archive back to top 1996-2005 BP p.l.c. | Legal Notice | Privacy Statement BP Site Index | Contact us | Reports and publications | BP worldwide | Home Search: About BP Environment and society Products and services Investors Press Careers Contact us Use this form to contact BP. To help us know where to direct your query or comment, please select the relevant category and sub-category below. To view sub-categories you must first click the 'Go' button. * indicates a mandatory field. Select categories Category* Select Education Shareholder/Investor information Products & services Publication requests Careers Country information Environmental & social Sub-category* Select Personal details Salutation* Select Ms. Mrs. Mr. First Name* Last Name* Email address* Mailing address City State/Province Zip code/postal code Country* Select Algeria Angola Argentina Australia Austria Azerbaijan Bangladesh Belgium Bolivia Bosnia and Herzegovina Botswana Brazil Canada Chile China Colombia Croatia Czech Republic Denmark Egypt Faroe Islands France Germany Greece Hong Kong Hungary India Indonesia Ireland Italy Japan Kazakhstan Kuwait Lesotho Luxembourg Malawi Mexico Mozambique Namibia Netherlands New Zealand Norway Oman Pakistan Papua New Guinea Peru Philippines Poland Portugal Russia Saudi Arabia Singapore Slovak Republic Slovenia South Africa South West Pacific Spain Sri Lanka Swaziland Sweden Switzerland Tanzania Thailand Trinidad & Tobago Turkey United Arab Emirates United Kingdom United States Uruguay Venezuela Vietnam Yugoslavia Zambia Phone Fax Message* Since BP operates globally, the information you submit may be transferred outside the European Economic Area. This and all other transmissions will remain secure and under our sole control. By checking the 'I accept' box below, you consent to such a transfer. Please indicate your acceptance of the Privacy statement by checking the 'I accept the following terms and conditions' box below. I accept I consent for the personal data that I have provided to be used for marketing purposes. back to top 1996-2005 BP p.l.c. | Legal Notice | Privacy Statement BP Global/Investors/2004 reporting changes Site Index | Contact us | Reports and publications | BP worldwide | Home Search: About BP Environment and society Products and services Investors Press Careers BP Global Investors Financial performance 2005 reporting changes Financial results Annual Report and Accounts Financial and operating information 2005 reporting changes Quarterly F&OI update UK RNS filings 20-F and SEC filings Share buyback Shares in issue 2004 reporting changes This presentation covers five topics. These are: adoption of FRS 17, the new UK standard for pension and post-retirement benefit reporting implementation of new UK reporting requirements related to our Employee Stock Ownership Plans These first two items reflect new external standards or requirements and impact our reported UK GAAP result further consolidation of our global NGL operations into our Gas, Power and Renewables Segment. This is merely a movement between Segments and does not impact the overall Group result changes in the way we will handle identified non-operating items when reporting our results additional disclosure and reporting on operating cash flow. This is intended to provide greater transparency and comparability with others in our industry Presentation slides (pdf, 806KB) Presentation slides (colour contrast) (pdf, 343KB) Presentation transcript (pdf, 119KB) Supplementary information (xls, 356KB) Employee Share Ownership Plans (ESOP) (xls, 108KB) FRS 17 (xls, 361KB) Impact of reporting changes (xls, 403KB) Main financial statements (xls, 92KB) Natural Gas Liquids (NGLS) (xls, 255KB) In this section 2004 reporting changes back to top 1996-2005 BP p.l.c. | Legal Notice | Privacy Statement BP Global/Press/BP Details 2005 Financial Reporting Changes Site Index | Contact us | Reports and publications | BP worldwide | Home Search: About BP Environment and society Products and services Investors Press Careers BP Global Press Press Releases Press Releases Images/Graphics Features and news Speeches BP Details 2005 Financial Reporting Changes Release date: 14 March 2005 BP today detailed the changes it is making to its external financial reporting for 2005, and the impacts these are expected to have on its reported results. As previously indicated in its strategy update in February this year, in 2005 BP is moving from reporting under UK Generally Accepted Accounting Principles (UK GAAP) to the new International Financial Reporting Standards (IFRS) and, as a consequence, will also discontinue supplemental disclosure of results on a pro forma basis. The company is also reorganising how it reports its businesses, primarily as a result of its plans to divest its olefins and derivatives business. While some of these reporting changes will impact BP s reported earnings and capital employed, they will have no impact on the economic value or the underlying cash flow generated by the company. There will be no impact on the cash available for investment or for distribution to shareholders and there will be no changes in BP s strategy and targets. Full details of the reporting changes and their impacts on BP s reporting will be given in a presentation hosted by Byron Grote, BP s chief financial officer, to be webcast today, accessible at: www.bp.com/webcast The 2005 reporting changes fall into three main areas: Re-segmentation: in preparation for the sale of its olefins and derivatives (O&D) business, BP has divided reporting of its petrochemicals operations between its refining and marketing segment and other businesses and corporate (OB&C). These changes have no impact on BP s overall reported earnings and capital employed. Five years of historical data, for 2000 to 2004, re-stated on this new re-segmented basis are being made available on BP s website. International Financial Reporting Standards: as for all UK-listed companies, IFRS is replacing UK GAAP as BP s primary reporting framework for 2005. BP is also providing comparative data for 2003 and 2004 on an IFRS basis. Restated 2004 earnings under IFRS are $15.4 billion on a replacement cost basis (excluding inventory holding gains and losses) and $17.1 billion on an historical cost basis (including inventory holding gains and losses). In each case these earnings are $1.3 billion higher than under UK GAAP, principally due to the absence of the amortisation of goodwill under IFRS. Under IFRS, 2004 year-end capital employed is essentially the same as under UK GAAP at $101 billion. IFRS also expands mark-to-market reporting, potentially making future reported earnings more volatile. The main impact of this relates to long-term UK North Sea gas contracts that are priced relative to oil and electricity, rather than gas indices, and contracts for the sale of LNG. BP will disclose mark-to-market gains and losses on such contracts as a Non-Operating Item in our quarterly Stock Exchange Announcements. Pro forma reporting: BP introduced supplemental disclosure of pro forma results in 2000, reporting results before acquisition amortisation for the ARCO and Burmah Castrol acquisitions which was required under UK GAAP, to allow better comparison to other oil companies who reported comparable combinations under pooling of interest or merger accounting under US or French GAAP. US GAAP, and now IFRS, have since prohibited pooling of interest accounting and also eliminated goodwill amortisation on previous transactions such as the ARCO and Burmah Castrol acquisitions, providing a clearer and more comparable presentation of underlying business results. As the IFRS income statement is now aligned more closely with the supplemental pro forma disclosure, BP has decided, as announced at the February 2005 strategy update, that pro forma reporting is no longer necessary and has therefore chosen to discontinue it to simplify its financial reporting. Due to the inclusion of goodwill on the balance sheet, capital employed under IFRS is $11.6 billion higher than on a pro forma basis, reducing BP s gearing - the ratio of net debt to net debt plus equity by some 3 per cent at year-end 2004. BP is therefore reducing its target gearing band a key element of the company s financial framework - from 25-35 per cent to 20-30 per cent to maintain the economic substance of the financial framework. BP expects to continue operating in the lower half of the band in the current price environment. Further details of all these changes will be available on BP s website following today s presentation, including comparative data for 2003 and each quarter of 2004 and spreadsheets to assist investors in the updating of their financial models. The presentation takes place at 14.00 GMT and can be accessed at: www.bp.com/webcast In this section Imperial College London-BP Project to Explore Energy Savings in Cities Strong Environment, Strong Performance Former U.S. Secretary of State James A Baker, III to Chair Independent Safety Review Panel BP Makes Ninth Oil Discovery in the Ultra-Deep Water Block 31 Angola Apex- BP Solar Takes Part in the Electrical Development of the Great Southern Desert of Tunisia More back to top 1996-2005 BP p.l.c. | Legal Notice | Privacy Statement BP Site Index | Contact us | Reports and publications | BP worldwide | Home Search: About BP Environment and society Products and services Investors Press Careers BP Global Site Index Site Index About BP BP at a glance Who we are - Our brands - Our history - Group organization - The board - World advertising What we do - An overview of BP - Exploration and production - Pipelines and shipping - Refining and marketing - Gas and power - Petrochemicals - Renewable and alternative energy Where we operate - BP worldwide How we run the business - How BP works - Corporate governance - Our brand - Our objectives - Our values - Code of conduct - Technology BP Explorer - The Global Challenge - The race - The yacht - The route - The people - The selection - The video gallery - Save the Children - the race charity Environment and society BP and responsibility - Introduction - Business benefits - GCE's statement - Achievements - Challenges - How we run our business - Dialogue and engagement - How we report Our operations - Overview - Environmentally sensitive areas - Management and compliance - Energy efficiency - Air emissions - Halocarbons - Water management - Spills - Waste management - Green office - Land restoration and decommissioning Health, safety and security - Overview - Personal safety - Driving safety - Site safety - Occupational health - Public Health - Security Our people - Employees - Diversity - Inclusion - Meritocracy Business ethics - Setting high standards - BP's code of conduct - Certification - Raising awareness - Bribery and corruption - OpenTalk - Policy breaches - Political activity Climate change - Overview - Explaining the issue - Facing the challenge - Stabilizing emissions - Emissions from our products - Emissions from our operations - Emissions trading - Supporting research - Carbon capture and storage Carbon reduction - Carbon footprint calculator - What BP is doing - What others are doing - What you can do Our products - Explaining the issues - Outlining our approach - Gas - Renewable energy - Using our products safely - Fuels for transport - Petrochemical products - Hydrogen - Cleaner fuels In society - Overview - Community relations - Enterprise development - Education - Access to energy - Human rights - Revenue management Feedback Products and services Fuels and stations LPG - For the home Lubricants - For business Power Natural Gas LNG - For business Petrochemicals - Acetyls, aromatics, PTA Fuel cards LPG - On the road LPG - For business Route planner Roadside assistance Online store Fuels Lubricants Solar and renewables Bitumen Marine BP Openbooks Investors Introduction to BP Structure and management - Overview - Executive management Strategy and initiatives - Strategy February 2005 - Russia - Upstream major projects - Mergers and acquisitions Financial performance - Financial results - Annual Report and Accounts - Financial and operating information - 2005 reporting changes - Quarterly F&OI update - UK RNS filings - 20-F and SEC filings - Share buyback - Shares in issue Financial calendar Investing in BP - Our ISA & PEP - Learn about investing Shareholder services - Ordinary shareholders - ADS holders Shareholder meeting and voting - Shareholder Requisitioned Resolutions - AGM 2005 IR contacts Investor tools - Detailed share price - Share charts - Share price calculator and look-up ordinary shareholders - Share price calculator and look-up ADS holders - Share price calculator and look-up Frankfurt shareholders - Interactive analyst - Regulatory information service Deutsche Investoren - BP im berblick - BP Aktie - Ausblick - Finanzkalender - Rechtlicher Hinweis Press Press Releases Browse by theme Images/Graphics Features and news Speeches Careers Warning Work environment Professional development - Career stories Group wide programmes - Eurograduate programme - Global MBA - European accounting programme Select your country - Algeria - Angola - Azerbaijan - Norway - United States - Italy - Turkey - Portugal - India - North and South East Asia - Russia - Mexico - Peru - Argentina - Bolivia - Chile - Venezuela - Colombia - Brazil - Pakistan - Kuwait - Dubai - Abu Dhabi - Sharjah - Canada - Croatia - Cyprus - Georgia - Romania - Africa - United Kingdom - Norway - Egypt - Austria - Greece - Belgium - Germany - Trinidad and Tobago - Netherlands - New Zealand - South West Pacific - Spain - Switzerland Australia - Working in Australia China - Working in China Czech Republic - Working in Czech Republic Denmark - Working in Denmark Finland - Working in Finland France - Travailler en France Hungary - Working in Hungary Indonesia - Working in Indonesia Poland - Working in Poland Slovak Republic - Working in Slovak Republic Sweden - Working in Sweden Vietnam - Working in Vietnam Reports and publications Reports - Financial reports - Presentations - Environment and Society reports - Country sustainability reports - Shareholder information - Mergers and acquisitions Statistical Review of World Energy 2005 - Group chief executive's introduction - 2004 in review - Review by energy type - About the Review - Links for researchers - Statistical Review downloads - Language versions - Energy charting tool - Feedback Frontiers - Issue 13 - Issue 12 - Issue 11 - Issue 10 - Issue 09 - Archives BP Magazine - Issue two - 2005 - Issue one - 2005 - Archive back to top 1996-2005 BP p.l.c. | Legal Notice | Privacy Statement BP Site Index | Contact us | Reports and publications | BP worldwide | Home Search: About BP Environment and society Products and services Investors Press Careers Contact us Use this form to contact BP. To help us know where to direct your query or comment, please select the relevant category and sub-category below. To view sub-categories you must first click the 'Go' button. * indicates a mandatory field. Select categories Category* Select Education Shareholder/Investor information Products & services Publication requests Careers Country information Environmental & social Sub-category* Select Personal details Salutation* Select Ms. Mrs. Mr. First Name* Last Name* Email address* Mailing address City State/Province Zip code/postal code Country* Select Algeria Angola Argentina Australia Austria Azerbaijan Bangladesh Belgium Bolivia Bosnia and Herzegovina Botswana Brazil Canada Chile China Colombia Croatia Czech Republic Denmark Egypt Faroe Islands France Germany Greece Hong Kong Hungary India Indonesia Ireland Italy Japan Kazakhstan Kuwait Lesotho Luxembourg Malawi Mexico Mozambique Namibia Netherlands New Zealand Norway Oman Pakistan Papua New Guinea Peru Philippines Poland Portugal Russia Saudi Arabia Singapore Slovak Republic Slovenia South Africa South West Pacific Spain Sri Lanka Swaziland Sweden Switzerland Tanzania Thailand Trinidad & Tobago Turkey United Arab Emirates United Kingdom United States Uruguay Venezuela Vietnam Yugoslavia Zambia Phone Fax Message* Since BP operates globally, the information you submit may be transferred outside the European Economic Area. This and all other transmissions will remain secure and under our sole control. By checking the 'I accept' box below, you consent to such a transfer. Please indicate your acceptance of the Privacy statement by checking the 'I accept the following terms and conditions' box below. I accept I consent for the personal data that I have provided to be used for marketing purposes. back to top 1996-2005 BP p.l.c. | Legal Notice | Privacy Statement BP Site Index | Contact us | Reports and publications | BP worldwide | Home Search: About BP Environment and society Products and services Investors Press Careers BP Global Site Index Site Index About BP BP at a glance Who we are - Our brands - Our history - Group organization - The board - World advertising What we do - An overview of BP - Exploration and production - Pipelines and shipping - Refining and marketing - Gas and power - Petrochemicals - Renewable and alternative energy Where we operate - BP worldwide How we run the business - How BP works - Corporate governance - Our brand - Our objectives - Our values - Code of conduct - Technology BP Explorer - The Global Challenge - The race - The yacht - The route - The people - The selection - The video gallery - Save the Children - the race charity Environment and society BP and responsibility - Introduction - Business benefits - GCE's statement - Achievements - Challenges - How we run our business - Dialogue and engagement - How we report Our operations - Overview - Environmentally sensitive areas - Management and compliance - Energy efficiency - Air emissions - Halocarbons - Water management - Spills - Waste management - Green office - Land restoration and decommissioning Health, safety and security - Overview - Personal safety - Driving safety - Site safety - Occupational health - Public Health - Security Our people - Employees - Diversity - Inclusion - Meritocracy Business ethics - Setting high standards - BP's code of conduct - Certification - Raising awareness - Bribery and corruption - OpenTalk - Policy breaches - Political activity Climate change - Overview - Explaining the issue - Facing the challenge - Stabilizing emissions - Emissions from our products - Emissions from our operations - Emissions trading - Supporting research - Carbon capture and storage Carbon reduction - Carbon footprint calculator - What BP is doing - What others are doing - What you can do Our products - Explaining the issues - Outlining our approach - Gas - Renewable energy - Using our products safely - Fuels for transport - Petrochemical products - Hydrogen - Cleaner fuels In society - Overview - Community relations - Enterprise development - Education - Access to energy - Human rights - Revenue management Feedback Products and services Fuels and stations LPG - For the home Lubricants - For business Power Natural Gas LNG - For business Petrochemicals - Acetyls, aromatics, PTA Fuel cards LPG - On the road LPG - For business Route planner Roadside assistance Online store Fuels Lubricants Solar and renewables Bitumen Marine BP Openbooks Investors Introduction to BP Structure and management - Overview - Executive management Strategy and initiatives - Strategy February 2005 - Russia - Upstream major projects - Mergers and acquisitions Financial performance - Financial results - Annual Report and Accounts - Financial and operating information - 2005 reporting changes - Quarterly F&OI update - UK RNS filings - 20-F and SEC filings - Share buyback - Shares in issue Financial calendar Investing in BP - Our ISA & PEP - Learn about investing Shareholder services - Ordinary shareholders - ADS holders Shareholder meeting and voting - Shareholder Requisitioned Resolutions - AGM 2005 IR contacts Investor tools - Detailed share price - Share charts - Share price calculator and look-up ordinary shareholders - Share price calculator and look-up ADS holders - Share price calculator and look-up Frankfurt shareholders - Interactive analyst - Regulatory information service Deutsche Investoren - BP im berblick - BP Aktie - Ausblick - Finanzkalender - Rechtlicher Hinweis Press Press Releases Browse by theme Images/Graphics Features and news Speeches Careers Warning Work environment Professional development - Career stories Group wide programmes - Eurograduate programme - Global MBA - European accounting programme Select your country - Algeria - Angola - Azerbaijan - Norway - United States - Italy - Turkey - Portugal - India - North and South East Asia - Russia - Mexico - Peru - Argentina - Bolivia - Chile - Venezuela - Colombia - Brazil - Pakistan - Kuwait - Dubai - Abu Dhabi - Sharjah - Canada - Croatia - Cyprus - Georgia - Romania - Africa - United Kingdom - Norway - Egypt - Austria - Greece - Belgium - Germany - Trinidad and Tobago - Netherlands - New Zealand - South West Pacific - Spain - Switzerland Australia - Working in Australia China - Working in China Czech Republic - Working in Czech Republic Denmark - Working in Denmark Finland - Working in Finland France - Travailler en France Hungary - Working in Hungary Indonesia - Working in Indonesia Poland - Working in Poland Slovak Republic - Working in Slovak Republic Sweden - Working in Sweden Vietnam - Working in Vietnam Reports and publications Reports - Financial reports - Presentations - Environment and Society reports - Country sustainability reports - Shareholder information - Mergers and acquisitions Statistical Review of World Energy 2005 - Group chief executive's introduction - 2004 in review - Review by energy type - About the Review - Links for researchers - Statistical Review downloads - Language versions - Energy charting tool - Feedback Frontiers - Issue 13 - Issue 12 - Issue 11 - Issue 10 - Issue 09 - Archives BP Magazine - Issue two - 2005 - Issue one - 2005 - Archive back to top 1996-2005 BP p.l.c. | Legal Notice | Privacy Statement BP Site Index | Contact us | Reports and publications | BP worldwide | Home Search: About BP Environment and society Products and services Investors Press Careers Contact us Use this form to contact BP. To help us know where to direct your query or comment, please select the relevant category and sub-category below. To view sub-categories you must first click the 'Go' button. * indicates a mandatory field. Select categories Category* Select Education Shareholder/Investor information Products & services Publication requests Careers Country information Environmental & social Sub-category* Select Personal details Salutation* Select Ms. Mrs. Mr. First Name* Last Name* Email address* Mailing address City State/Province Zip code/postal code Country* Select Algeria Angola Argentina Australia Austria Azerbaijan Bangladesh Belgium Bolivia Bosnia and Herzegovina Botswana Brazil Canada Chile China Colombia Croatia Czech Republic Denmark Egypt Faroe Islands France Germany Greece Hong Kong Hungary India Indonesia Ireland Italy Japan Kazakhstan Kuwait Lesotho Luxembourg Malawi Mexico Mozambique Namibia Netherlands New Zealand Norway Oman Pakistan Papua New Guinea Peru Philippines Poland Portugal Russia Saudi Arabia Singapore Slovak Republic Slovenia South Africa South West Pacific Spain Sri Lanka Swaziland Sweden Switzerland Tanzania Thailand Trinidad & Tobago Turkey United Arab Emirates United Kingdom United States Uruguay Venezuela Vietnam Yugoslavia Zambia Phone Fax Message* Since BP operates globally, the information you submit may be transferred outside the European Economic Area. This and all other transmissions will remain secure and under our sole control. By checking the 'I accept' box below, you consent to such a transfer. Please indicate your acceptance of the Privacy statement by checking the 'I accept the following terms and conditions' box below. I accept I consent for the personal data that I have provided to be used for marketing purposes. back to top 1996-2005 BP p.l.c. | Legal Notice | Privacy Statement BP Site Index | Contact us | Reports and publications | BP worldwide | Home Search: About BP Environment and society Products and services Investors Press Careers BP Global Site Index Site Index About BP BP at a glance Who we are - Our brands - Our history - Group organization - The board - World advertising What we do - An overview of BP - Exploration and production - Pipelines and shipping - Refining and marketing - Gas and power - Petrochemicals - Renewable and alternative energy Where we operate - BP worldwide How we run the business - How BP works - Corporate governance - Our brand - Our objectives - Our values - Code of conduct - Technology BP Explorer - The Global Challenge - The race - The yacht - The route - The people - The selection - The video gallery - Save the Children - the race charity Environment and society BP and responsibility - Introduction - Business benefits - GCE's statement - Achievements - Challenges - How we run our business - Dialogue and engagement - How we report Our operations - Overview - Environmentally sensitive areas - Management and compliance - Energy efficiency - Air emissions - Halocarbons - Water management - Spills - Waste management - Green office - Land restoration and decommissioning Health, safety and security - Overview - Personal safety - Driving safety - Site safety - Occupational health - Public Health - Security Our people - Employees - Diversity - Inclusion - Meritocracy Business ethics - Setting high standards - BP's code of conduct - Certification - Raising awareness - Bribery and corruption - OpenTalk - Policy breaches - Political activity Climate change - Overview - Explaining the issue - Facing the challenge - Stabilizing emissions - Emissions from our products - Emissions from our operations - Emissions trading - Supporting research - Carbon capture and storage Carbon reduction - Carbon footprint calculator - What BP is doing - What others are doing - What you can do Our products - Explaining the issues - Outlining our approach - Gas - Renewable energy - Using our products safely - Fuels for transport - Petrochemical products - Hydrogen - Cleaner fuels In society - Overview - Community relations - Enterprise development - Education - Access to energy - Human rights - Revenue management Feedback Products and services Fuels and stations LPG - For the home Lubricants - For business Power Natural Gas LNG - For business Petrochemicals - Acetyls, aromatics, PTA Fuel cards LPG - On the road LPG - For business Route planner Roadside assistance Online store Fuels Lubricants Solar and renewables Bitumen Marine BP Openbooks Investors Introduction to BP Structure and management - Overview - Executive management Strategy and initiatives - Strategy February 2005 - Russia - Upstream major projects - Mergers and acquisitions Financial performance - Financial results - Annual Report and Accounts - 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