TIDMBP.

RNS Number : 1764A

BP PLC

29 May 2019

 
 
 
   BP p.l.c. 
   Report on payments to governments 
   Year ended 31 December 2018 
 

CONTENTS

 
 INTRODUCTION             3 
 BASIS OF PREPARATION     3 
 PAYMENTS OVERVIEW        6 
 PAYMENTS BY COUNTRY      7 
 OTHER SOURCES           26 
 

Introduction

BP p.l.c. has prepared the following consolidated report ('Report') on payments to governments in accordance with the Reports on Payments to Governments Regulations 2014 (2014/3209), as amended by the Reports on Payments to Governments (Amendment) Regulations 2015 (2015/1928), (the 'Regulations'). The Report also addresses BP p.l.c.'s reporting obligations under DTR 4.3A of the Financial Conduct Authority Disclosure Guidance and Transparency Rules. The 'Basis of Preparation' section below contains information about the content of the Report, the types of payments included and the principles that have been applied in preparing the Report.

BP's socio-economic contribution

BP makes a broader socio-economic contribution to countries in which we operate in addition to the payments that are required to be reported under the Regulations. We also make payments to governments in connection with parts of our business other than the Upstream - for example in relation to the transporting, trading, manufacturing and marketing of oil and gas. As well as government payments, BP contributes to the economies of the countries in which we operate by providing jobs for employees and contractors, purchasing materials from local suppliers and undertaking social investment activities. See Other Resources section at the end of the report for more information on our socio-economic contribution and our position on tax and financial transparency.

BP's position on revenue transparency

BP supports the concept of transparency in revenue flows from oil and gas activities in resource-rich countries. It helps citizens of affected countries access the information they need to hold governments to account for the way they use funds received through taxes and other agreements.

Basis of Preparation

Under the Regulations, the directors of BP p.l.c. are required to prepare a consolidated report on payments made to governments for each financial year in relation to relevant activities of both BP p.l.c. and any of its subsidiary undertakings included in the consolidated group accounts. The term 'BP' is used interchangeably within this report to indicate BP p.l.c. or any subsidiary undertaking within the scope of the Report.

Activities within the scope of the Report

Payments made to governments that relate to BP's activities involving the exploration, prospection, discovery, development, and extraction of minerals, oil, natural gas deposits or other materials ('extractive activities') are included in this Report.

Payments made to governments that relate to trading, export (pipelines), refining and processing activities are not included in this Report as they are not within the scope of extractive activities as defined by the Regulations.

Where a payment relates to activities that are reportable under the Regulations as well as to activities which are not reportable, BP reports the payment in its entirety if it is not possible to disaggregate it.

Government

Under the Regulations, a 'government' is defined as any national, regional or local authority of a country, and includes a department, agency or undertaking that is a subsidiary undertaking controlled by such an authority. In some countries, certain local indigenous organizations fall within this definition of government. Where this is the case payments made to such organizations have been included in this Report. Where a state owned enterprise undertakes activities outside of its home jurisdiction, then it is not considered to be a government.

Cash basis

Payments are reported on a cash basis, meaning that they are reported in the period in which they are paid, as opposed to being reported on an accruals basis (which would mean that they were reported in the period for which the liabilities arise). Refunds are also reported in the period they are received by BP and are shown as negative amounts in the Report. Where payments in kind are made to a government they are valued and footnotes are included to help explain the valuation method and any related volumes.

Reporting principles

The Regulations require payments to be reported where they are made to governments by BP p.l.c. and its subsidiary undertakings in respect of extractive activities. In preparing a report, the Regulations also require the disclosure of payments to reflect the substance of each payment and the relevant activity or project concerned. In light of these requirements BP has assessed its reporting obligations to be as follows:

-- Where BP has made a payment to a government, such payment is reported in full, whether made in BP's sole capacity or in BP's capacity as the operator of a joint venture. Payments made to governments in connection with joint ventures are included in the Report if and to the extent that BP makes the relevant payment. Typically such circumstances will arise where BP is the operator of the joint venture.

-- Payments made by an incorporated joint venture which is not a subsidiary of BP are not included within this Report.

-- In some instances, BP is a partner in unincorporated joint ventures where the role of operator is performed through a non-typical operatorship model whereby multiple entities contribute to an unincorporated body which has the role of operator. In relation to such joint ventures, payments actually made by BP to the government are reported and payments for which BP has direct responsibility to the government, but which are paid on its behalf, are also reported.

-- BP's equity-accounted investments such as Rosneft, Pan American Energy Group and Aker BP are not BP subsidiaries and therefore in accordance with the Regulations, payments made by such entities are not included in this Report.

Project definition

The Regulations require payments to be reported by project (as a sub category within a country). They define a 'project' as the operational activities which are governed by a single contract, licence, lease, concession or similar legal agreement, and form the basis for payment liabilities with a government. If these agreements are substantially interconnected, then they can be treated as a single project. Under the Regulations 'substantially interconnected' means forming a set of operationally and geographically integrated contracts, licences, leases or concessions or related agreements with substantially similar terms that are signed with a government, giving rise to payment liabilities. These agreements may themselves be governed by a single contract, joint venture, production-sharing agreement, or other overarching legal agreement. Factors used to determine whether contracts or licences are operationally and geographically integrated may include their common management framework, proximity and use of common infrastructure. The number of projects will depend on the contractual arrangements within a country and not necessarily on the scale of activities. Moreover, a project will only appear in this report where relevant payments occurred during the year in relation to that project.

The Regulations acknowledge that for some payments it may not be possible to attribute a payment to a single project and therefore such payments may be reported at the country level. Corporate income taxes, which are typically not levied at a project level, are an example of this.

Materiality threshold

The Regulations require that payments made as a single payment exceeding GBP86,000 or as part of a series of related payments within a financial year exceeding GBP86,000 be included in this Report.

Reporting currency

All payments have been reported in US dollars. Payments made in currencies other than US dollars are typically translated at the exchange rate at the date of payment.

Payment types

The Regulations define a "Payment" as an amount paid whether in money or in kind, for relevant activities where the payment is of any one of the types listed below:

Production entitlements

Under production-sharing agreements (PSAs) the production is shared between the host government and the other parties to the PSA. The host government typically receives its share or entitlement in kind rather than being paid in cash. In this Report such production entitlements volumes to the government are reported on a lifting basis i.e. when the government takes possession of its share of production. A market value is applied, usually using the valuation method from the relevant PSA. For joint ventures in which BP is the operator, government production entitlements are reported in their entirety, in accordance with the notes above. Where the national oil company (NOC) is also an equity partner in the joint venture, their production entitlement is reported in addition to the government share of production as the concessionaire. The NOC's entitlement as a partner will include both their share of production as investor's return as well as their entitlement for the reimbursement of their costs.

Taxes

The Report includes taxes levied on income, production or profits or withheld from dividends, royalties and interest received by BP. In addition, taxes paid on behalf of BP by the NOC out of production entitlements are reported. Taxes levied on consumption, personnel, sales, procurement (contractor's withholding taxes), environmental, property, customs and excise are not reportable under the Regulations.

Royalties

These may be paid in cash or in kind (valued in the same way as production entitlement).

Fees

In preparing this Report BP has included licence fees, rental fees, entry fees and all other payments that are paid in consideration for new and existing licences and/or concessions. Fees paid to governments for administrative services are excluded.

Bonuses

Signature, discovery and production bonuses and other bonuses payable under licences or concession agreements are included in the Report.

Infrastructure improvements

Such payments include a road or a building provided by BP that forms part of the fundamental facilities and systems serving a community or area. These payments are included in the Report whether or not BP is contractually obliged to fund them, and are reported when the relevant assets are handed over to the government or the local community.

Dividends

These are dividends that are paid in lieu of production entitlements or royalties. Dividends paid by BP to a government as an ordinary shareholder are excluded. For the year ended 31 December 2018, there were no reportable dividend payments to a government.

Other considerations

The payments shown in this report are rounded to the nearest $0.1 million. In the following tables because of rounding, some totals may not agree exactly with the sum of their component parts. Amounts are shown to the nearest dollar in the data submitted and available on the UK Companies House website.

Payments overview

The table below shows the relevant payments to governments made by BP in the year ended 31 December 2018 shown by country and payment type.

Of the seven payment types required by the UK regulations, BP did not pay any relevant dividends and therefore the category is not shown.

$ million

 
                           Production                                           Infrastructure 
 Country                 Entitlements     Taxes   Royalties    Fees   Bonuses     Improvements      Total 
======================  =============  ========  ==========  ======  ========  ===============  ========= 
 Algeria                                  178.8                 0.1                                 178.9 
======================  =============  ========  ==========  ======  ========  ===============  ========= 
 Angola                       1,970.6     668.0                                           45.1    2,683.8 
======================  =============  ========  ==========  ======  ========  ===============  ========= 
 Australia                                361.6       146.1                                         507.8 
======================  =============  ========  ==========  ======  ========  ===============  ========= 
 Azerbaijan                  12,352.6     206.2                 2.4     450.0                    13,011.2 
======================  =============  ========  ==========  ======  ========  ===============  ========= 
 Brazil                                     0.3                 0.1     108.2                       108.7 
======================  =============  ========  ==========  ======  ========  ===============  ========= 
 Canada                                   (6.3)                 3.0                                 (3.3) 
======================  =============  ========  ==========  ======  ========  ===============  ========= 
 Côte d'Ivoire                                                       3.8                         3.8 
======================  =============  ========  ==========  ======  ========  ===============  ========= 
 Egypt                                    265.1                50.6      17.1                       332.8 
======================  =============  ========  ==========  ======  ========  ===============  ========= 
 India                            0.5                           0.7                                   1.2 
======================  =============  ========  ==========  ======  ========  ===============  ========= 
 Indonesia                      723.1     263.0                                                     986.1 
======================  =============  ========  ==========  ======  ========  ===============  ========= 
 Iraq                                     106.1                14.4                        1.2      121.7 
======================  =============  ========  ==========  ======  ========  ===============  ========= 
 Madagascar                                                     0.8                                   0.8 
======================  =============  ========  ==========  ======  ========  ===============  ========= 
 Mauritania                                                     1.2                                   1.2 
======================  =============  ========  ==========  ======  ========  ===============  ========= 
 Mexico                                     2.8                 2.2                                   5.0 
======================  =============  ========  ==========  ======  ========  ===============  ========= 
 Oman                           935.7     139.0                 0.4                               1,075.1 
======================  =============  ========  ==========  ======  ========  ===============  ========= 
 Russia                                    74.6                                                      74.6 
======================  =============  ========  ==========  ======  ========  ===============  ========= 
 São Tomé 
  and Príncipe                                             4.5       5.9                        10.4 
======================  =============  ========  ==========  ======  ========  ===============  ========= 
 Senegal                                                        0.7                                   0.7 
======================  =============  ========  ==========  ======  ========  ===============  ========= 
 Trinidad and Tobago             73.0     284.1                 3.4                                 360.5 
======================  =============  ========  ==========  ======  ========  ===============  ========= 
 United Arab Emirates                   3,992.2                 5.5                               3,997.7 
======================  =============  ========  ==========  ======  ========  ===============  ========= 
 United Kingdom                         (106.4)                 7.7                                (98.7) 
======================  =============  ========  ==========  ======  ========  ===============  ========= 
 United States                   28.5     345.1     1,333.8     9.4      28.3                     1,745.0 
======================  =============  ========  ==========  ======  ========  ===============  ========= 
 Total                       16,084.0   6,774.3     1,479.9   107.1     613.3             46.3   25,104.9 
======================  =============  ========  ==========  ======  ========  ===============  ========= 
 

Payments BY COUNTRY

Algeria

$ million

 
                             Production                                           Infrastructure 
 Governments               Entitlements      Taxes   Royalties   Fees   Bonuses     Improvements   Total 
=======================  ==============  =========  ==========  =====  ========  ===============  ====== 
 Ministère des 
  Finances - Direction 
  Générale 
   des Impôts                        (a)178.8                                                 178.8 
=======================================  =========  ==========  =====  ========  ===============  ====== 
 Sonatrach                                                        0.1                                0.1 
=======================================  =========  ==========  =====  ========  ===============  ====== 
 Total                                       178.8                0.1                              178.9 
=======================================  =========  ==========  =====  ========  ===============  ====== 
 
 
                 Production                                           Infrastructure 
 Projects      Entitlements      Taxes   Royalties   Fees   Bonuses     Improvements   Total 
===========  ==============  =========  ==========  =====  ========  ===============  ====== 
 In Amenas                    (b)119.8                0.1                              120.0 
===========================  =========  ==========  =====  ========  ===============  ====== 
 In Salah                      (c)59.0                                                  59.0 
===========================  =========  ==========  =====  ========  ===============  ====== 
 Total                           178.8                0.1                              178.9 
===========================  =========  ==========  =====  ========  ===============  ====== 
 
 
 
 
 
 (a)   Includes $156.5 million of taxes settled by Sonatrach on BP's behalf 
        out of production entitlement, pursuant to the relevant agreements. 
 (b)   Includes $97.6 million of taxes settled by Sonatrach on BP's behalf 
        out of production entitlement, pursuant to the relevant agreements. 
 (c)   Pursuant to the relevant agreements, Sonatrach paid these taxes on 
        BP's behalf out of production entitlements. 
 

Angola

$ million

 
                                   Production                                        Infrastructure 
 Governments                     Entitlements   Taxes   Royalties   Fees   Bonuses     Improvements     Total 
==============================  =============  ======  ==========  =====  ========  ===============  ======== 
 Adminstracao Geral 
  Tributaria                                      9.5                                                     9.5 
==============================  =============  ======  ==========  =====  ========  ===============  ======== 
 Finance Ministry                               650.5                                                   650.5 
==============================  =============  ======  ==========  =====  ========  ===============  ======== 
 Luanda Province                                                                                2.2       2.2 
==============================  =============  ======  ==========  =====  ========  ===============  ======== 
 Ministry of Petroleum                            8.0                                                     8.0 
==============================  =============  ======  ==========  =====  ========  ===============  ======== 
 Moxico-Luena Province                                                                          1.5       1.5 
==============================  =============  ======  ==========  =====  ========  ===============  ======== 
 Sonangol EP (Concessionaire)        (a)773.3                                               (c)41.4     814.7 
==============================  =============  ======  ==========  =====  ========  ===============  ======== 
 Sonangol P&P                      (b)1,197.3                                                         1,197.3 
==============================  =============  ======  ==========  =====  ========  ===============  ======== 
 Total                                1,970.6   668.0                                          45.1   2,683.8 
==============================  =============  ======  ==========  =====  ========  ===============  ======== 
 
 
               Production                                        Infrastructure 
 Projects    Entitlements   Taxes   Royalties   Fees   Bonuses     Improvements     Total 
==========  =============  ======  ==========  =====  ========  ===============  ======== 
 Block 15                   161.7                                                   161.7 
==========  =============  ======  ==========  =====  ========  ===============  ======== 
 Block 17                   280.2                                                   280.2 
==========  =============  ======  ==========  =====  ========  ===============  ======== 
 Block 18        (d)550.7   111.6                                       (c)20.9     683.1 
==========  =============  ======  ==========  =====  ========  ===============  ======== 
 Block 24                     0.1                                                     0.1 
==========  =============  ======  ==========  =====  ========  ===============  ======== 
 Block 31      (e)1,419.9   114.4                                       (f)24.3   1,558.6 
==========  =============  ======  ==========  =====  ========  ===============  ======== 
 Total            1,970.6   668.0                                          45.1   2,683.8 
==========  =============  ======  ==========  =====  ========  ===============  ======== 
 
 
 
 
 
       Payments in kind for 11.0 million bbls of crude oil valued per the 
 (a)    Production Sharing Agreement. 
 (b)   Payments in kind for 17.1 million bbls of crude oil valued per the 
        Production Sharing Agreement. 
 (c)   Torres do Carmo apartments handed back to the Concessionaire valued 
        at Net Book Value. 
 (d)   Payments in kind for 7.8 million bbls of crude oil valued per the 
        Production Sharing Agreement. 
 (e)   Payments in kind for 20.3 million bbls of crude oil valued per the 
        Production Sharing Agreement. 
 (f)   Includes $20.5 million for Torres do Carmo apartments handed back 
        to the Concessionaire valued at Net Book Value. 
 

Australia

$ million

 
                              Production                                        Infrastructure 
 Governments                Entitlements   Taxes   Royalties   Fees   Bonuses     Improvements   Total 
========================  ==============  ======  ==========  =====  ========  ===============  ====== 
 Australian Taxation 
  Office                                   361.6                                                 361.6 
========================================  ======  ==========  =====  ========  ===============  ====== 
 Department of Mines, 
  Industry 
  Regulation and Safety                                146.1                                     146.1 
========================================  ======  ==========  =====  ========  ===============  ====== 
 Total                                     361.6       146.1                                     507.8 
========================================  ======  ==========  =====  ========  ===============  ====== 
 
 
                                 Production                                        Infrastructure 
 Projects                      Entitlements   Taxes   Royalties   Fees   Bonuses     Improvements   Total 
===========================  ==============  ======  ==========  =====  ========  ===============  ====== 
 North West Shelf                              46.2       146.1                                     192.4 
===========================================  ======  ==========  =====  ========  ===============  ====== 
 Payments not attributable 
  to projects                                 315.4                                                 315.4 
===========================================  ======  ==========  =====  ========  ===============  ====== 
 Total                                        361.6       146.1                                     507.8 
===========================================  ======  ==========  =====  ========  ===============  ====== 
 

Azerbaijan

$ million

 
                          Production                                        Infrastructure 
 Governments            Entitlements   Taxes   Royalties   Fees   Bonuses     Improvements      Total 
=====================  =============  ======  ==========  =====  ========  ===============  ========= 
 Azerbaijan (ACG) 
  Ltd. (SOCAR 
  subsidiary)             (a)1,091.0                                                          1,091.0 
=====================  =============  ======  ==========  =====  ========  ===============  ========= 
 Azerbaijan (Shah 
  Deniz) Ltd. 
  (SOCAR subsidiary)        (b)248.2                                                            248.2 
=====================  =============  ======  ==========  =====  ========  ===============  ========= 
 Ministry of Taxes                     206.2                                                    206.2 
=====================  =============  ======  ==========  =====  ========  ===============  ========= 
 SGC Upstream LLC           (c)165.1                                                            165.1 
=====================  =============  ======  ==========  =====  ========  ===============  ========= 
 State Oil Company 
  of Azerbaijan 
  Republic (SOCAR)          (d)140.5                                                            140.5 
=====================  =============  ======  ==========  =====  ========  ===============  ========= 
 State Oil Fund of 
  Azerbaijan 
  (SOFAZ)                (e)10,707.8                        2.4     450.0                    11,160.3 
=====================  =============  ======  ==========  =====  ========  ===============  ========= 
 Total                      12,352.6   206.2                2.4     450.0                    13,011.2 
=====================  =============  ======  ==========  =====  ========  ===============  ========= 
 
 
                              Production                                        Infrastructure 
  Projects                  Entitlements   Taxes   Royalties   Fees   Bonuses     Improvements      Total 
 ========================  =============  ======  ==========  =====  ========  ===============  ========= 
  Azeri-Chirag-Deepwater 
   Guneshli - PSA            (f)11,399.2   206.2                        450.0                    12,055.3 
 ========================  =============  ======  ==========  =====  ========  ===============  ========= 
  Shafag-Asiman - PSA                                           2.1                                   2.1 
 ========================  =============  ======  ==========  =====  ========  ===============  ========= 
  Shah Deniz - PSA              (g)953.4                                                            953.4 
 ========================  =============  ======  ==========  =====  ========  ===============  ========= 
 Shallow Water Absheron 
  Peninsula (SWAP) 
   PSA                                                          0.3                                   0.3 
=========================  =============  ======  ==========  =====  ========  ===============  ========= 
  Total                         12,352.6   206.2                2.4     450.0                    13,011.2 
 ========================  =============  ======  ==========  =====  ========  ===============  ========= 
 
 
 
 
 
 
 (a)   Payments in kind for 16.0 million bbls of crude oil valued at netback 
        value per the Production Sharing Agreement. 
 (b)   Includes payments in kind of $113.9 million for 1.7 million bbls 
        of crude oil valued at netback value per the Production Sharing Agreement 
        and the remaining production entitlement was paid in cash. 
 (c)   Includes payments in kind of $75.5 million for 1.1 million bbls of 
        crude oil valued at netback value per the Production Sharing Agreement 
        and the remaining production entitlement was paid in cash. 
 (d)   Includes payments in kind of $140.5 million for 2.3 billion cubic 
        meters of associated residue natural gas valued on the basis of gas 
        prices realized in a similar Azerbaijani project. 
 (e)   Includes payments in kind of $10,282.7 million for 150.5 million 
        bbls of crude oil valued at netback value per the Production Sharing 
        Agreement and the remaining production entitlement was paid in cash. 
 (f)   Includes payments in kind of $11,122.0 million for 162.7 million 
        bbls of crude oil valued at netback value per the Production Sharing 
        Agreement and payments in kind of $140.5 million for 2.3 billion 
        cubic meters of associated residue natural gas valued on the basis 
        of gas prices realized in a similar Azerbaijani project and the remaining 
        production entitlement was paid in cash. 
 (g)   Includes payments in kind of $441.2 million for 6.7 million bbls 
        of crude oil valued at netback value per the Production Sharing Agreement 
        and the remaining production entitlement was paid in cash. 
 

Brazil

$ million

 
                                       Production                                        Infrastructure 
 Governments                         Entitlements   Taxes   Royalties   Fees   Bonuses     Improvements   Total 
=================================  ==============  ======  ==========  =====  ========  ===============  ====== 
 Agencia Nacional 
  do Petroleo, Gas 
  Natural e Biocombustíveis 
   (ANP)                                                                         108.2                    108.2 
=================================================  ======  ==========  =====  ========  ===============  ====== 
 Petrobras                                                               0.1                                0.1 
=================================================  ======  ==========  =====  ========  ===============  ====== 
 Secretaria da Receita 
  Federal                                             0.3                                                   0.3 
=================================================  ======  ==========  =====  ========  ===============  ====== 
 Total                                                0.3                0.1     108.2                    108.7 
=================================================  ======  ==========  =====  ========  ===============  ====== 
 
 
                        Production                                        Infrastructure 
 Projects             Entitlements   Taxes   Royalties   Fees   Bonuses     Improvements   Total 
==================  ==============  ======  ==========  =====  ========  ===============  ====== 
 BM-C-35                                                  0.1                                0.1 
==================================  ======  ==========  =====  ========  ===============  ====== 
 CM-755                                                             6.2                      6.2 
==================================  ======  ==========  =====  ========  ===============  ====== 
 CM-793                                                             6.2                      6.2 
==================================  ======  ==========  =====  ========  ===============  ====== 
 Dois Irmãos                                                  29.1                     29.1 
==================================  ======  ==========  =====  ========  ===============  ====== 
 FZA-M-59                              0.3                                                   0.3 
 Pau Brasil                                                        66.7                     66.7 
 Total                                 0.3                0.1     108.2                    108.7 
==================================  ======  ==========  =====  ========  ===============  ====== 
 

Canada

$ million

 
                              Production                                        Infrastructure 
 Governments                Entitlements   Taxes   Royalties   Fees   Bonuses     Improvements   Total 
========================  ==============  ======  ==========  =====  ========  ===============  ====== 
 Canada Nova Scotia 
  Offshore 
  Petroleum Board 
   (CNSOPB)                                                     2.2                                2.2 
========================================  ======  ==========  =====  ========  ===============  ====== 
 Government of Canada                      (6.3)                0.4                              (5.9) 
========================================  ======  ==========  =====  ========  ===============  ====== 
 Province of Alberta                                            0.3                                0.3 
========================================  ======  ==========  =====  ========  ===============  ====== 
 Kwilmu Kw Maw Klusuaqn                                         0.1                                0.1 
========================================  ======  ==========  =====  ========  ===============  ====== 
 Total                                     (6.3)                3.0                              (3.3) 
========================================  ======  ==========  =====  ========  ===============  ====== 
 
 
                                 Production                                        Infrastructure 
 Projects                      Entitlements   Taxes   Royalties   Fees   Bonuses     Improvements   Total 
===========================  ==============  ======  ==========  =====  ========  ===============  ====== 
 Newfoundland Exploration                                          0.2                                0.2 
===========================================  ======  ==========  =====  ========  ===============  ====== 
 Nova Scotia Exploration                                           2.4                                2.4 
===========================================  ======  ==========  =====  ========  ===============  ====== 
 Terre De Grace                                                    0.4                                0.4 
===========================================  ======  ==========  =====  ========  ===============  ====== 
 Payments not attributable 
  to projects                                 (6.3)                                                 (6.3) 
===========================================  ======  ==========  =====  ========  ===============  ====== 
 Total                                        (6.3)                3.0                              (3.3) 
===========================================  ======  ==========  =====  ========  ===============  ====== 
 

Côte d'Ivoire

$ million

 
                          Production                                           Infrastructure 
 Governments            Entitlements    Taxes    Royalties    Fees   Bonuses     Improvements   Total 
====================  ==============  =======  ===========  ======  ========  ===============  ====== 
 Direction Generale 
  des Impots                                                             3.8                      3.8 
==================================================================  ========  ===============  ====== 
 Total                                                                   3.8                      3.8 
==================================================================  ========  ===============  ====== 
 
 
                 Production                                           Infrastructure 
 Projects      Entitlements    Taxes    Royalties    Fees   Bonuses     Improvements   Total 
===========  ==============  =======  ===========  ======  ========  ===============  ====== 
 Block 526                                                      0.8                      0.8 
=========================================================  ========  ===============  ====== 
 Block 602                                                      0.8                      0.8 
=========================================================  ========  ===============  ====== 
 Block 603                                                      0.8                      0.8 
=========================================================  ========  ===============  ====== 
 Block 707                                                      0.8                      0.8 
=========================================================  ========  ===============  ====== 
 Block 708                                                      0.8                      0.8 
=========================================================  ========  ===============  ====== 
 Total                                                          3.8                      3.8 
=========================================================  ========  ===============  ====== 
 

Egypt

$ million

 
                              Production                                           Infrastructure 
 Governments                Entitlements      Taxes   Royalties   Fees   Bonuses     Improvements   Total 
========================  ==============  =========  ==========  =====  ========  ===============  ====== 
 Egyptian Natural 
  Gas Holding 
  Company (EGAS)                                                  50.6       0.3                     50.8 
========================================  =========  ==========  =====  ========  ===============  ====== 
 Egyptian General 
  Petroleum 
  Corporation (EGPC)                                                        16.9                     16.9 
========================================  =========  ==========  =====  ========  ===============  ====== 
 Egyptian Tax Authority                    (a)265.1                                                 265.1 
========================================  =========  ==========  =====  ========  ===============  ====== 
 Total                                        265.1               50.6      17.1                    332.8 
========================================  =========  ==========  =====  ========  ===============  ====== 
 
 
                               Production                                           Infrastructure 
 Projects                    Entitlements      Taxes   Royalties   Fees   Bonuses     Improvements   Total 
=========================  ==============  =========  ==========  =====  ========  ===============  ====== 
 Baltim                                      (a)11.0                                                  11.0 
=========================================  =========  ==========  =====  ========  ===============  ====== 
 East Morgan                                  (a)4.0                                                   4.0 
=========================================  =========  ==========  =====  ========  ===============  ====== 
 East Tanka                                   (a)2.5                                                   2.5 
=========================================  =========  ==========  =====  ========  ===============  ====== 
 El Matareya                                                                  0.3                      0.3 
=========================================  =========  ==========  =====  ========  ===============  ====== 
 El Qaraa                                    (a)60.1                         12.5                     72.6 
=========================================  =========  ==========  =====  ========  ===============  ====== 
 Gulf of Suez                                (a)18.4                                                  18.4 
=========================================  =========  ==========  =====  ========  ===============  ====== 
 LL 87 (Saqqara)                              (a)9.5                                                   9.5 
=========================================  =========  ==========  =====  ========  ===============  ====== 
 North Alexandria                           (a)126.7                                                 126.7 
=========================================  =========  ==========  =====  ========  ===============  ====== 
 North East Ramadan                                                           4.1                      4.1 
=========================================  =========  ==========  =====  ========  ===============  ====== 
 North El Max                                                       8.9                                8.9 
=========================================  =========  ==========  =====  ========  ===============  ====== 
 North El Tabya Offshore                                                      0.2                      0.2 
=========================================  =========  ==========  =====  ========  ===============  ====== 
 North October                                (a)1.1                                                   1.1 
=========================================  =========  ==========  =====  ========  ===============  ====== 
 North Ras El Esh                                                             0.2                      0.2 
=========================================  =========  ==========  =====  ========  ===============  ====== 
 North Tennin                                                      32.5                               32.5 
=========================================  =========  ==========  =====  ========  ===============  ====== 
 North Tineh Offshore                                               9.1                                9.1 
=========================================  =========  ==========  =====  ========  ===============  ====== 
 Ras El Bar                                  (a)18.6                                                  18.6 
=========================================  =========  ==========  =====  ========  ===============  ====== 
 South Belayim                                (a)8.5                                                   8.5 
=========================================  =========  ==========  =====  ========  ===============  ====== 
 South Gharib                                 (a)4.6                                                   4.6 
=========================================  =========  ==========  =====  ========  ===============  ====== 
 Total                                         265.1               50.6      17.1                    332.8 
=========================================  =========  ==========  =====  ========  ===============  ====== 
 
 
 
 
 
 (a)   Pursuant to the relevant agreements, Egyptian General Petroleum Corporation 
        (EGPC) paid these taxes on BP's behalf out of production entitlement. 
 

India

$ million

 
                            Production                                        Infrastructure 
 Governments              Entitlements   Taxes   Royalties   Fees   Bonuses     Improvements   Total 
=======================  =============  ======  ==========  =====  ========  ===============  ====== 
 Ministry of Petroleum 
  & Natural 
  Gas - Government 
   of India                        0.5                        0.7                                1.2 
=======================  =============  ======  ==========  =====  ========  ===============  ====== 
 Total                             0.5                        0.7                                1.2 
=======================  =============  ======  ==========  =====  ========  ===============  ====== 
 
 
                        Production                                        Infrastructure 
 Projects             Entitlements   Taxes   Royalties   Fees   Bonuses     Improvements   Total 
===================  =============  ======  ==========  =====  ========  ===============  ====== 
 BB-CBM-2005/III                                          0.7                                0.7 
===================  =============  ======  ==========  =====  ========  ===============  ====== 
 KG D6 KG-DWN-98/3             0.5                                                           0.5 
===================  =============  ======  ==========  =====  ========  ===============  ====== 
 Total                         0.5                        0.7                                1.2 
===================  =============  ======  ==========  =====  ========  ===============  ====== 
 

Indonesia

$ million

 
                          Production                                        Infrastructure 
 Governments            Entitlements   Taxes   Royalties   Fees   Bonuses     Improvements   Total 
=====================  =============  ======  ==========  =====  ========  ===============  ====== 
 Ministry of Finance        (a)723.1   263.0                                                 986.1 
=====================  =============  ======  ==========  =====  ========  ===============  ====== 
 Total                         723.1   263.0                                                 986.1 
=====================  =============  ======  ==========  =====  ========  ===============  ====== 
 
 
               Production                                        Infrastructure 
 Projects    Entitlements   Taxes   Royalties   Fees   Bonuses     Improvements   Total 
==========  =============  ======  ==========  =====  ========  ===============  ====== 
 Tangguh         (a)723.1   263.0                                                 986.1 
==========  =============  ======  ==========  =====  ========  ===============  ====== 
 Total              723.1   263.0                                                 986.1 
==========  =============  ======  ==========  =====  ========  ===============  ====== 
 
 
 
 
 
 (a)   Includes payments in kind of $93.5 million for 1.4 million bbls of 
        condensates valued per the Production Sharing Agreement and the remaining 
        production entitlement for LNG was paid in cash. 
 

Iraq

$ million

 
                          Production                                        Infrastructure 
 Governments            Entitlements   Taxes   Royalties   Fees   Bonuses     Improvements   Total 
====================  ==============  ======  ==========  =====  ========  ===============  ====== 
 Basra Governorate                                                                     1.0     1.0 
====================================  ======  ==========  =====  ========  ===============  ====== 
 Basra Oil Company                                          1.3                        0.2     1.5 
====================================  ======  ==========  =====  ========  ===============  ====== 
 General Commission 
  for Taxes                            106.1                                                 106.1 
====================================  ======  ==========  =====  ========  ===============  ====== 
 Ministry of Oil                                           13.1                               13.1 
====================================  ======  ==========  =====  ========  ===============  ====== 
 Total                                 106.1               14.4                        1.2   121.7 
====================================  ======  ==========  =====  ========  ===============  ====== 
 
 
                Production                                        Infrastructure 
 Projects     Entitlements   Taxes   Royalties   Fees   Bonuses     Improvements   Total 
==========  ==============  ======  ==========  =====  ========  ===============  ====== 
 Rumaila                     106.1               14.4                        1.2   121.7 
==========================  ======  ==========  =====  ========  ===============  ====== 
 Total                       106.1               14.4                        1.2   121.7 
==========================  ======  ==========  =====  ========  ===============  ====== 
 

Madagascar

$ million

 
                                Production                                          Infrastructure 
 Governments                  Entitlements    Taxes    Royalties   Fees   Bonuses     Improvements   Total 
==========================  ==============  =======  ===========  =====  ========  ===============  ====== 
 Office des Mines 
  Nationales et des 
  Industries Strategiques 
   (OMNIS)                                                          0.8                                0.8 
================================================================  =====  ========  ===============  ====== 
 Total                                                              0.8                                0.8 
================================================================  =====  ========  ===============  ====== 
 
 
                             Production                                          Infrastructure 
 Projects                  Entitlements    Taxes    Royalties   Fees   Bonuses     Improvements   Total 
=======================  ==============  =======  ===========  =====  ========  ===============  ====== 
 Block Ampasindava                                               0.2                                0.2 
=============================================================  =====  ========  ===============  ====== 
 Block Cap Saint Andre                                           0.2                                0.2 
=============================================================  =====  ========  ===============  ====== 
 Block Majunga Nord                                              0.2                                0.2 
=============================================================  =====  ========  ===============  ====== 
 Block Majunga Sud                                               0.2                                0.2 
=============================================================  =====  ========  ===============  ====== 
 Total                                                           0.8                                0.8 
=============================================================  =====  ========  ===============  ====== 
 

Mauritania

$ million

 
                              Production                                          Infrastructure 
 Governments                Entitlements    Taxes    Royalties   Fees   Bonuses     Improvements   Total 
========================  ==============  =======  ===========  =====  ========  ===============  ====== 
 Ministry of Petroleum, 
  Energy & 
  Mines                                                           1.0                                1.0 
==============================================================  =====  ========  ===============  ====== 
 Société 
  Mauritanienne des 
  Hydrocarbures                                                   0.2                                0.2 
==============================================================  =====  ========  ===============  ====== 
 Total                                                            1.2                                1.2 
==============================================================  =====  ========  ===============  ====== 
 
 
                 Production                                          Infrastructure 
 Projects      Entitlements    Taxes    Royalties   Fees   Bonuses     Improvements   Total 
===========  ==============  =======  ===========  =====  ========  ===============  ====== 
 Block C12                                           0.3                                0.3 
=================================================  =====  ========  ===============  ====== 
 Block C13                                           0.3                                0.3 
=================================================  =====  ========  ===============  ====== 
 Block C6                                            0.2                                0.2 
=================================================  =====  ========  ===============  ====== 
 Block C8                                            0.3                                0.3 
=================================================  =====  ========  ===============  ====== 
 Total                                               1.2                                1.2 
=================================================  =====  ========  ===============  ====== 
 

Mexico

$ million

 
                                 Production                                        Infrastructure 
 Governments                   Entitlements   Taxes   Royalties   Fees   Bonuses     Improvements   Total 
===========================  ==============  ======  ==========  =====  ========  ===============  ====== 
 Fondo Mexicano del 
  Petroleo                                                         2.2                                2.2 
 Sistema de Administracion 
  Tributaria                                    2.8                                                   2.8 
===========================================  ======  ==========  =====  ========  ===============  ====== 
 Total                                          2.8                2.2                                5.0 
===========================================  ======  ==========  =====  ========  ===============  ====== 
 
 
                          Production                                        Infrastructure 
 Projects               Entitlements   Taxes   Royalties   Fees   Bonuses     Improvements   Total 
====================  ==============  ======  ==========  =====  ========  ===============  ====== 
 Cuenca del Sureste 
  34 R3                                  0.3                0.2                                0.6 
====================================  ======  ==========  =====  ========  ===============  ====== 
 Cuenca Salina 1 R1                      2.5                1.9                                4.4 
====================================  ======  ==========  =====  ========  ===============  ====== 
 Total                                   2.8                2.2                                5.0 
====================================  ======  ==========  =====  ========  ===============  ====== 
 

Oman

$ million

 
                              Production                                           Infrastructure 
 Governments                Entitlements      Taxes   Royalties   Fees   Bonuses     Improvements     Total 
=========================  =============  =========  ==========  =====  ========  ===============  ======== 
 Makarim Gas Development 
  (MGD)                         (a)667.5                                                              667.5 
=========================  =============  =========  ==========  =====  ========  ===============  ======== 
 Ministry of Oil & 
  Gas                           (b)268.2                           0.4                                268.6 
=========================  =============  =========  ==========  =====  ========  ===============  ======== 
 Ministry of Finance                       (c)139.0                                                   139.0 
=========================  =============  =========  ==========  =====  ========  ===============  ======== 
 Total                             935.7      139.0                0.4                              1,075.1 
=========================  =============  =========  ==========  =====  ========  ===============  ======== 
 
 
               Production                                           Infrastructure 
 Projects    Entitlements      Taxes   Royalties   Fees   Bonuses     Improvements     Total 
==========  =============  =========  ==========  =====  ========  ===============  ======== 
 Khazzan      (a)(b)935.7   (c)139.0                0.4                              1,075.1 
==========  =============  =========  ==========  =====  ========  ===============  ======== 
 Total              935.7      139.0                0.4                              1,075.1 
==========  =============  =========  ==========  =====  ========  ===============  ======== 
 
 
 
 
 
 (a)   Comprises payments in kind of $245.6 million for 3.5 million bbls 
        of condensates valued at market prices; $420.0 million for 117.7 
        million mmBtu of gas valued per the Gas Sales Agreement and $1.8 
        million was paid in cash. 
 (b)   Comprises payments in kind of $100.1 million for 1.4 million bbls 
        of condensates valued at market prices; $167.4 million for 46.9 million 
        mmBtu of gas valued per the Gas Sales Agreement and $0.7 million 
        was paid in cash. 
 (c)   Pursuant to the relevant agreements, the Ministry of Oil and Gas 
        paid these taxes on BP's behalf out of their production entitlement. 
 

Russia

$ million

 
                           Production                                        Infrastructure 
 Governments             Entitlements   Taxes   Royalties   Fees   Bonuses     Improvements   Total 
=====================  ==============  ======  ==========  =====  ========  ===============  ====== 
 Ministry of Finance 
  - Moscow                               74.6                                                  74.6 
=====================================  ======  ==========  =====  ========  ===============  ====== 
 Total                                   74.6                                                  74.6 
=====================================  ======  ==========  =====  ========  ===============  ====== 
 
 
                                 Production                                        Infrastructure 
 Projects                      Entitlements   Taxes   Royalties   Fees   Bonuses     Improvements   Total 
===========================  ==============  ======  ==========  =====  ========  ===============  ====== 
 Investment in Rosneft                         68.2                                                  68.2 
===========================================  ======  ==========  =====  ========  ===============  ====== 
 Investment in TYNGD 
  (Taas)                                        5.2                                                   5.2 
 Payments not attributable 
  to projects                                   1.2                                                   1.2 
===========================================  ======  ==========  =====  ========  ===============  ====== 
 Total                                         74.6                                                  74.6 
===========================================  ======  ==========  =====  ========  ===============  ====== 
 

São Tomé and Príncipe

$ million

 
                             Production                                          Infrastructure 
 Governments               Entitlements    Taxes    Royalties   Fees   Bonuses     Improvements   Total 
=======================  ==============  =======  ===========  =====  ========  ===============  ====== 
 Agência Nacional 
  do Petróleo                                               4.5       5.9                     10.4 
=============================================================  =====  ========  ===============  ====== 
 Total                                                           4.5       5.9                     10.4 
=============================================================  =====  ========  ===============  ====== 
 
 
                Production                                          Infrastructure 
 Projects     Entitlements    Taxes    Royalties   Fees   Bonuses     Improvements   Total 
==========  ==============  =======  ===========  =====  ========  ===============  ====== 
 Block 10                                           3.3       2.9                      6.3 
================================================  =====  ========  ===============  ====== 
 Block 13                                           1.2       2.9                      4.1 
 Total                                              4.5       5.9                     10.4 
================================================  =====  ========  ===============  ====== 
 

Senegal

$ million

 
                             Production                                          Infrastructure 
 Governments               Entitlements    Taxes    Royalties   Fees   Bonuses     Improvements   Total 
=======================  ==============  =======  ===========  =====  ========  ===============  ====== 
 Société 
  des pétroles 
  du Sénégal                                           0.7                                0.7 
=============================================================  =====  ========  ===============  ====== 
 Total                                                           0.7                                0.7 
=============================================================  =====  ========  ===============  ====== 
 
 
                              Production                                          Infrastructure 
 Projects                   Entitlements    Taxes    Royalties   Fees   Bonuses     Improvements   Total 
========================  ==============  =======  ===========  =====  ========  ===============  ====== 
 Block Cayar Profond                                              0.4                                0.4 
==============================================================  =====  ========  ===============  ====== 
 Block St Louis Profond                                           0.4                                0.4 
 Total                                                            0.7                                0.7 
==============================================================  =====  ========  ===============  ====== 
 

Trinidad and Tobago

$ million

 
                              Production                                           Infrastructure 
 Governments                Entitlements      Taxes   Royalties   Fees   Bonuses     Improvements   Total 
=========================  =============  =========  ==========  =====  ========  ===============  ====== 
 Board of Inland Revenue                       59.1                                                  59.1 
=========================  =============  =========  ==========  =====  ========  ===============  ====== 
 Ministry of Energy 
  and 
  Energy Industries                 73.0   (a)224.9                3.4                              301.4 
=========================  =============  =========  ==========  =====  ========  ===============  ====== 
 Total                              73.0      284.1                3.4                              360.5 
=========================  =============  =========  ==========  =====  ========  ===============  ====== 
 
 
                  Production                                           Infrastructure 
 Projects       Entitlements      Taxes   Royalties   Fees   Bonuses     Improvements   Total 
=============  =============  =========  ==========  =====  ========  ===============  ====== 
 Block 5B                                              3.4                                3.4 
=============  =============  =========  ==========  =====  ========  ===============  ====== 
 BPTT Blocks            73.0   (a)284.1                                                 357.1 
=============  =============  =========  ==========  =====  ========  ===============  ====== 
 Total                  73.0      284.1                3.4                              360.5 
=============  =============  =========  ==========  =====  ========  ===============  ====== 
 
 
 
 
 
 (a)   Due to a legislative change in the basis of calculation, payments 
        formerly categorised as Royalties are shown under Tax from 2018. 
 

United Arab Emirates

$ million

 
                             Production                                             Infrastructure 
 Governments               Entitlements        Taxes   Royalties   Fees   Bonuses     Improvements     Total 
=======================  ==============  ===========  ==========  =====  ========  ===============  ======== 
 Department of Finance 
  Abu Dhabi                               (a)3,992.2                                                 3,992.2 
=======================================  ===========  ==========  =====  ========  ===============  ======== 
 ADNOC Onshore                                                      5.5                                  5.5 
=======================================  ===========  ==========  =====  ========  ===============  ======== 
 Total                                       3,992.2                5.5                              3,997.7 
=======================================  ===========  ==========  =====  ========  ===============  ======== 
 
 
                                 Production                                           Infrastructure 
 Projects                      Entitlements      Taxes   Royalties   Fees   Bonuses     Improvements     Total 
===========================  ==============  =========  ==========  =====  ========  ===============  ======== 
 ADNOC Onshore Concession                      3,637.2                5.5                              3,642.6 
===========================================  =========  ==========  =====  ========  ===============  ======== 
 ADNOC Offshore Concession                    (a)355.0                                                   355.0 
===========================================  =========  ==========  =====  ========  ===============  ======== 
 Total                                         3,992.2                5.5                              3,997.7 
===========================================  =========  ==========  =====  ========  ===============  ======== 
 
 
 
 
 
 (a)   These taxes include $355.0 million paid on BP's behalf by Abu Dhabi 
        Marine Areas Ltd. 
 

United Kingdom

$ million

 
                              Production                                             Infrastructure 
 Governments                Entitlements        Taxes   Royalties   Fees   Bonuses     Improvements     Total 
========================  ==============  ===========  ==========  =====  ========  ===============  ======== 
 Crown Estate                                                        0.3                                  0.3 
========================================  ===========  ==========  =====  ========  ===============  ======== 
 HM Revenue and Customs                    (a)(106.4)                                                 (106.4) 
========================================  ===========  ==========  =====  ========  ===============  ======== 
 Oil and gas Authority                                               7.4                                  7.4 
========================================  ===========  ==========  =====  ========  ===============  ======== 
 Total                                        (106.4)                7.7                               (98.7) 
========================================  ===========  ==========  =====  ========  ===============  ======== 
 
 
                       Production                                               Infrastructure 
 Projects            Entitlements         Taxes    Royalties   Fees   Bonuses     Improvements    Total 
=================  ==============  ============  ===========  =====  ========  ===============  ======= 
 Andrew                                                         0.4                                 0.4 
============================================================  =====  ========  ===============  ======= 
 Bruce                                                          1.1                                 1.1 
============================================================  =====  ========  ===============  ======= 
 Clair                                                          0.5                                 0.5 
============================================================  =====  ========  ===============  ======= 
 Decommissioning                                     (a)(8.0)    0.1                               (7.8) 
=================================   =========================  =====  ========  ===============  ======= 
 ETAP                                                           0.4                                 0.4 
============================================================  =====  ========  ===============  ======= 
 Exploration                                                    0.8                                 0.8 
============================================================  =====  ========  ===============  ======= 
 Foinaven                                                       3.4                                 3.4 
============================================================  =====  ========  ===============  ======= 
 Non Operated                                       (a)(23.5)    0.4                              (23.1) 
=================================   =========================  =====  ========  ===============  ======= 
 Pipelines                                          (a)(75.0)    0.1                              (74.9) 
=================================   =========================  =====  ========  ===============  ======= 
 Schiehallion                                                   0.2                                 0.2 
============================================================  =====  ========  ===============  ======= 
 Vorlich                                                        0.3                                 0.3 
============================================================  =====  ========  ===============  ======= 
 Total                                             (a)(106.4)    7.7                              (98.7) 
=================================   =========================  =====  ========  ===============  ======= 
 
 
 
 
 
 (a)   Net refunds result from the carry back of tax losses, resulting in 
        a refund of taxes paid in prior years. 
 

United States (USA)

$ million

 
                                Production                                            Infrastructure 
 Governments                  Entitlements       Taxes   Royalties   Fees   Bonuses     Improvements     Total 
 Bureau of Land Management                                            0.1                                  0.1 
===========================  =============  ==========  ==========  =====  ========  ===============  ======== 
 California State 
  Controller's 
  Office(a)                                                    0.3                                         0.3 
===========================  =============  ==========  ==========  =====  ========  ===============  ======== 
 Federal Government                          (b)(97.7)                                                  (97.7) 
===========================  =============  ==========  ==========  =====  ========  ===============  ======== 
 General Collections 
  - State of 
  Delaware(a)                                                  0.5                                         0.5 
===========================  =============  ==========  ==========  =====  ========  ===============  ======== 
 Office of Natural 
  Resources 
  Revenue                                                    977.2    7.9      28.3                    1,013.3 
===========================  =============  ==========  ==========  =====  ========  ===============  ======== 
 Office of Natural 
  Resources 
  Revenue - BIA                                                1.1    0.9                                  2.0 
===========================  =============  ==========  ==========  =====  ========  ===============  ======== 
 Southern Ute Indian 
  Tribe                            (c)28.5         6.1        21.2    0.3                                 56.0 
===========================  =============  ==========  ==========  =====  ========  ===============  ======== 
 State of Alaska                              (d)349.1    (e)319.0    0.3                                668.4 
===========================  =============  ==========  ==========  =====  ========  ===============  ======== 
 State of Arkansas                                 1.6                                                     1.6 
===========================  =============  ==========  ==========  =====  ========  ===============  ======== 
 State of Colorado                                 1.6         1.1                                         2.8 
===========================  =============  ==========  ==========  =====  ========  ===============  ======== 
 State of Louisiana                                9.5         0.6                                        10.1 
===========================  =============  ==========  ==========  =====  ========  ===============  ======== 
 State of New Mexico                              16.4         1.6                                        17.9 
===========================  =============  ==========  ==========  =====  ========  ===============  ======== 
 State of Oklahoma                                14.5         1.6                                        16.1 
===========================  =============  ==========  ==========  =====  ========  ===============  ======== 
 State of Texas                                   23.4         8.6                                        32.1 
===========================  =============  ==========  ==========  =====  ========  ===============  ======== 
 State of Wyoming                                 20.5         1.0                                        21.5 
===========================  =============  ==========  ==========  =====  ========  ===============  ======== 
 Total                                28.5       345.1     1,333.8    9.4      28.3                    1,745.0 
---------------------------  -------------  ----------  ----------  -----  --------  ---------------  -------- 
 
 
                                Production                                             Infrastructure 
 Projects                     Entitlements        Taxes   Royalties   Fees   Bonuses     Improvements     Total 
===========================  =============  ===========  ==========  =====  ========  ===============  ======== 
 Alaska                                        (d)349.1    (e)319.1    1.2                                669.4 
===========================  =============  ===========  ==========  =====  ========  ===============  ======== 
 Arkansas                                           1.6                                                     1.6 
===========================  =============  ===========  ==========  =====  ========  ===============  ======== 
 Colorado                          (c)28.5          7.7        23.2    0.3                                 59.7 
===========================  =============  ===========  ==========  =====  ========  ===============  ======== 
 Gulf of Mexico - 
  Central                                                     891.6    6.1      28.3                      926.1 
===========================  =============  ===========  ==========  =====  ========  ===============  ======== 
 Gulf of Mexico - 
  Western                                                      45.1    1.3                                 46.4 
===========================  =============  ===========  ==========  =====  ========  ===============  ======== 
 Louisiana                                          9.5         0.6                                        10.1 
===========================  =============  ===========  ==========  =====  ========  ===============  ======== 
 New Mexico                                        16.4         1.7                                        18.1 
===========================  =============  ===========  ==========  =====  ========  ===============  ======== 
 Oklahoma                                          14.5         1.8                                        16.3 
===========================  =============  ===========  ==========  =====  ========  ===============  ======== 
 Texas                                             23.4         8.6                                        32.1 
===========================  =============  ===========  ==========  =====  ========  ===============  ======== 
 Wyoming                                           20.5         1.0                                        21.5 
===========================  =============  ===========  ==========  =====  ========  ===============  ======== 
 Payments not attributable 
  to projects                                (b) (97.7)        41.0    0.5                               (56.1) 
 Total                                28.5        345.1     1,333.8    9.4      28.3                    1,745.0 
===========================  =============  ===========  ==========  =====  ========  ===============  ======== 
 
 
 
 
 
 (a)   Payments to states where BP has no extractive activities relate 
        to Escheatment of Royalties. 
 (b)   The negative amount reflects the cash payment of current year taxes 
        for all legal entities which was more than offset by refunds of 
        taxes for federal losses carried back to prior years. 
 (c)   Payments in kind for 14.0 million mmBtu of gas valued on the basis 
        of gas prices realized in the area. 
 (d)   Includes $24.4 million of taxes settled by way of Alaska Oil & Gas 
        Production Tax Credit Certificates. 
 (e)   Includes payments in kind of $186.0 million for 3.0 million bbls 
        of crude oil valued per the Royalty Settlement Agreement. 
 

Other Resources

BP payments to governments 2018

Detailed data filed with UK Registrar - extractives.companieshouse.gov.uk/

BP annual and sustainability reporting

BP Sustainability Report - bp.com/sustainability

BP Annual Report and Form 20-F - bp.com/annualreport

Our positions on tax and transparency - bp.com/tax

BP economic impact reports

BP US Economic Impact Report - bp.com/economicimpact-us

BP's Impact on the UK Economy - bp.com/economicimpact-uk

ContactS

 
 
                                London                              Houston 
 Press Office                 David Nicholas                      Brett Clanton 
                               +44 (0)20 7496 4708                 +1 281 366 8346 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

PGRLLFFVELISFIA

(END) Dow Jones Newswires

May 29, 2019 05:00 ET (09:00 GMT)

Bp (LSE:BP.)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024 Haga Click aquí para más Gráficas Bp.
Bp (LSE:BP.)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024 Haga Click aquí para más Gráficas Bp.