BP 2012 Annual Report Download - page 4

Information about this report
This document constitutes the Annual Report and Accounts in accordance with UK requirements
and the Annual Report on Form 20-F in accordance with the US Securities Exchange Act of 1934,
for BP p.l.c. for the year ended 31 December 2012. A cross reference to Form 20-F requirements
is on page 20F.
This document contains the Directors’ Report, including the Business Review and Management
Report, on pages 3-126 and 147-175, and 178. The Directors’ Remuneration Report is on pages
127-145. The consolidated financial statements of the group are on pages 177-286 and the
corresponding reports of the auditor are on pages 179-181. The parent company financial
statements of BP p.l.c. and corresponding auditor’s report are on pages PC2-PC11 and page PC1
respectively.
The statement of directors’ responsibilities, the independent auditor’s report on the annual report
and accounts to the members of BP p.l.c. and the parent company financial statements of BP p.l.c.
and corresponding auditor’s report do not form part of BP’s Annual Report on Form 20-F as filed
with the SEC.
BP Annual Report and Form 20-F 2012 and BP Summary Review 2012 may be downloaded from
bp.com/annualreport. No material on the BP website, other than the items identified as BP Annual
Report and Form 20-F 2012 or BP Summary Review 2012, forms any part of those documents.
BP p.l.c. is the parent company of the BP group of companies. The company was incorporated in
1909 in England and Wales and changed its name to BP p.l.c. in 2001. Where we refer to the
company, we mean BP p.l.c. Unless otherwise stated, the text does not distinguish between the
activities and operations of the parent company and those of its subsidiaries, and information in this
document reflects 100% of the assets and operations of the company and its subsidiaries that were
consolidated at the date or for the periods indicated, including minority interests. BP’s primary share
listing is the London Stock Exchange. Ordinary shares are also traded on the Frankfurt Stock
Exchange in Germany and, in the US, the company’s securities are traded on the New York Stock
Exchange in the form of ADSs (see page 154 for more details).
The term ‘shareholder’ in this report means, unless the context otherwise requires, investors in the
equity capital of BP p.l.c., both direct and indirect. As BP shares, in the form of ADSs, are listed on
the New York Stock Exchange (NYSE), an Annual Report on Form 20-F is filed with the US
Securities and Exchange Commission (SEC). Ordinary shares are ordinary fully paid shares in BP
p.l.c. of 25 cents each. Preference shares are cumulative first preference shares and cumulative
second preference shares in BP p.l.c. of £1 each.
Frequent abbreviations
ADR
American depositary receipt.
ADS
American depositary share.
Barrel (bbl)
159 litres, 42 US gallons.
b/d
Barrels per day.
boe
Barrels of oil equivalent.
GAAP
Generally accepted accounting practice.
Gas
Natural gas.
Hydrocarbons
Crude oil and natural gas.
IFRS
International Financial Reporting Standards.
Liquids
Crude oil, condensate and natural gas liquids.
LNG
Liquefied natural gas.
LPG
Liquefied petroleum gas.
mb/d
Thousand barrels per day.
mboe/d
Thousand barrels of oil equivalent per day.
mmboe
Million barrels of oil equivalent.
mmBtu
Million British thermal units.
MW
Megawatt.
NGLs
Natural gas liquids.
PSA
Production-sharing agreement.
RC
Replacement cost.
SEC
The United States Securities and
Exchange Commission.
Tonne
2,204.6 pounds. Registered office and our worldwide
headquarters:
BP p.l.c.
1 St James’s Square
London SW1Y 4PD
UK
Tel [phone]
Registered in England and Wales No. 102498.
Stock exchange symbol ‘BP’.
Our agent in the US:
BP America Inc.
501 Westlake Park Boulevard
Houston, Texas 77079
US
Tel [phone]
Key performance indicators
Definitions for our group KPIs are
provided on pages 28-29.
Certain definitions
For definitions of certain financial and
contractual terms see pages 98-99.
Trade marks of the BP group appear throughout this Annual Report and Form 20-F in italics.
They include:
ampm
Aral
ARCO
BP
BP Ultimate
Castrol
Castrol CRB
Castrol EDGE
Castrol Magnatec
Designer Water
Field of the Future
LoSal
Project 20K
Pushing Reservoir Limits
Veba Combi-Cracking (VCC)
EcoBoost is a trade mark of Ford Motor Company.
SkyMine is a trade mark of Skyonic Corporation.
Permasense is a trade mark of Permasense Limited.
Cautionary statement
This document should be read in
conjunction with the cautionary
statement on page 32.
Business review: Group overview
BP Annual Report and Form 20-F 2012
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