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Information about this report
Registered ofce and our worldwide
headquarters:
BP p.l.c.
1 St James’s Square
London SW1Y 4PD
UK
Tel +44 (0)20 7496 4000
Registered in England and Wales No. 102498.
London Stock Exchange symbol ‘BP.’
Our agent in the US:
BP America Inc.
501 Westlake Park Boulevard
Houston, Texas 77079
US
Tel +1 281 366 2000
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 2014. A cross reference to Form 20-F requirements
is included on page 257.
This document contains the Strategic report on pages 1-50 and the inside cover (Who we are section)
and the Directors’ report on pages 51-71, 90, 167-196 and 207-255. The Strategic report and the
Directors’ report together include the management report required by DTR 4.1 of the UK Financial
Conduct Authority’s Disclosure and Transparency Rules. The Directors’ remuneration report is on pages
72-88. The consolidated financial statements of the group are on pages 89-166 and the corresponding
reports of the auditor are on pages 91-95. The parent company financial statements of BP p.l.c. are on
pages 197-206.
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 2014 and BP Strategic Report 2014 (comprising the Strategic report
and supplementary information) 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 2014 or BP Strategic
Report 2014 (comprising the Strategic report and supplementary information), forms any part of
those documents. References in this document to other documents on the BP website, such as
BP Energy Outlook, are included as an aid to their location and are not incorporated by reference into
this document.
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 non-controlling 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 (NYSE) in the form of ADSs (see page 244 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 NYSE, an Annual Report on Form 20-F is filed with the 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.
Cautionary statement
This document should be read in
conjunction with the cautionary
statement on page 241.
Frequently used abbreviations, terms
and BP and third-party trade marks are
described on page 252.
BP Annual Report and Form 20-F 2014ii