BP 2010 Annual Report Download - page 218

Notesonnancialstatements
41.Share-basedpaymentscontinued
       EDIP- EDIP-  
Sharesgrantedin2010  CPP EPP TSR BSC RSP DAB PSP
Numberofequityinstruments
 granted(million)  1.3 7.6 1.2 2.5 21.4 24.5 16.0
Weightedaveragefairvalue  $19.81 $9.43 $4.42 $8.94 $6.78 $9.43 $9.43
Fairvaluemeasurementbasis  Monte Carlo Market value Monte Carlo Market value Market value Market value Market value

       EDIP- EDIP-  
Sharesgrantedin2009  CPP EPP TSR BSC RSP DAB PSP
Numberofequityinstruments
 granted(million)  1.4 7.6 2.1 2.1 2.4 38.9 16.5
Weightedaveragefairvalue  $9.76 $6.56 $2.74 $7.27 $8.76 $6.56 $8.32
Fairvaluemeasurementbasis  MonteCarlo Marketvalue MonteCarlo Marketvalue Marketvalue Marketvalue MonteCarlo

     MTPP- MTPP- EDIP- EDIP-  
Sharesgrantedin2008  TSR FCF TSR RETa RSP DAB PSP
Numberofequityinstruments
 granted(million)  9.1 9.1 2.6 0.5 7.7 5.8 16.7
Weightedaveragefairvalue  $5.07 $10.34 $4.55 $11.13 $8.83 $10.34 $12.89
Fairvaluemeasurementbasis  MonteCarlo Marketvalue MonteCarlo Marketvalue Marketvalue Marketvalue MonteCarlo

a
EDIP–retentionelement.
ThegroupusedaMonteCarlosimulationtodeterminethefairvalueoftheTSRelementofthe2010,2009and2008CPP,MTPP,andEDIPplans,andin
2009and2008forthePSPplan.InaccordancewiththerulesoftheplansthemodelsimulatesBP’sTSRandcomparesitagainstourprincipalstrategic
competitorsoverthethree-yearperiodoftheplans.Themodeltakesintoaccountthehistoricdividends,sharepricevolatilitiesandcovariancesofBPand
eachcomparatorcompanytoproduceapredicteddistributionofrelativeshareperformance.Thisisappliedtotherewardcriteriatogiveanexpectedvalue
oftheTSRelement.
Accountingexpensedoesnotnecessarilyrepresenttheactualvalueofshare-basedpaymentsmadetorecipients,whicharedeterminedbythe
remunerationcommitteeaccordingtoestablishedcriteria.
42.Employeecostsandnumbers
 $million
Employeecosts     2010 2009 2008
Wagesandsalariesa 9,242 9,702 10,388
Socialsecuritycosts      789 780 805
Share-basedpayments      576 521 508
Pensionandotherpost-retirementbenetcosts      1,166 1,213 579
         11,773 12,216 12,280
   
Numberofemployeesat31December     2010 2009 2008
ExplorationandProduction      21,100 21,500 21,400
ReningandMarketingb 52,300 51,600 61,500
Otherbusinessesandcorporate      6,200 7,200 9,100
GulfCoastRestorationOrganization      100 – –
         79,700 80,300 92,000
Bygeographicalarea
US 22,100 22,800 29,300
Non-USb 57,600 57,500 62,700
         79,700 80,300 92,000
   
    2010   2009   2008
Averagenumberofemployees USNon-US Total US Non-US Total US Non-US Total
ExplorationandProduction 8,100 13,500 21,600 7,900 13,800 21,700 7,800 13,800 21,600
ReningandMarketing 12,600 38,300 50,900 14,700 40,700 55,400 21,600 43,400 65,000
Otherbusinessesandcorporate 1,900 5,000 6,900 2,300 5,800 8,100 2,600 6,500 9,100
 22,600 56,800 79,400 24,900 60,300 85,200 32,000 63,700 95,700
 
aIncludesterminationpaymentsof$166million(2009$945millionand2008$669million).
bIncludes15,200(200913,900and200821,200)servicestationstaff.
216BPAnnualReportandForm20-F2010