SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
for the
period ended 20 June, 2024
BP p.l.c.
(Translation
of registrant's name into English)
1 ST JAMES'S SQUARE, LONDON, SW1Y 4PD, ENGLAND
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file
annual
reports
under cover Form 20-F or Form 40-F.
Form
20-F |X| Form 40-F
---------------
----------------
Indicate
by check mark whether the registrant by furnishing the
information
contained
in this Form is also thereby furnishing the information to
the
Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of
1934.
Yes No
|X|
---------------
--------------
|
Exhibit
1.1
|
Report
on Payments to Govts Part 1 of 1 dated 20 June 2024
|
Exhibit 1.1
|
BP
p.l.c.
Report
on Payments to Governments
Year
ended 31 December 2023
|
|
Contents
|
Introduction
|
3
|
|
Basis of preparation
|
3
|
|
Payments overview
|
6
|
|
Payments by country
Algeria
Angola
Argentina
Australia
Azerbaijan
Brazil
Canada
Egypt
India
Indonesia
Iraq
Israel
Mauritania
Mexico
Oman
Senegal
Trinidad and Tobago
United Arab Emirates
United Kingdom
United States
|
7
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
|
|
Other resources
|
27
|
Introduction
BP p.l.c. has prepared the following consolidated report ('the
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's 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 socioeconomic contribution
bp makes a broader socioeconomic contribution to countries in which
we operate, in addition to the payments that are required to be
reported under the Regulations. We make payments to governments in
connection with parts of our business other than extractive
activities - for example in relation to the transportation,
trading, manufacture 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 on
page 29 for more information on our socioeconomic contribution and
our position on tax and financial transparency.
bp's position on revenue transparency
bp supports transparency in the flow of revenue from oil and gas
activities to governments. This helps citizens hold public
authorities 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, renewables projects and other
activities that are not within the scope of extractive activities
as defined by the Regulations are not included in this
report.
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 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 for the financial year ended 31
December 2023, such as 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
subcategory 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. 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. For example,
corporate income taxes, which are typically not levied at a project
level.
Materiality threshold
The Regulations require that payments made as a single payment
exceeding £86,000 or as part of a series of related payments
within a financial year exceeding £86,000 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 type is
one of the following:
●
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 entitlement 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 a partner in the joint
venture, their production entitlement is reported in addition to
the government share of production. 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.
This report includes taxes levied on income, production or profits
and taxes 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),
property and environmental taxes, customs and excise are not
reportable under the Regulations.
These may be paid in cash or in kind (valued in the same way as
production entitlements).
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.
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.
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 2023, there were no reportable dividend payments to a
government.
The payments shown in this report are rounded to the nearest $0.1
million. Due to rounding, some totals in the following tables may
not agree exactly with the sum of their component parts. Amounts
are shown to the nearest dollar in the data submitted and are
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 2023, by country and payment
type.
Of the seven payment types required by the Regulations, bp did not
pay any relevant dividends and therefore the category is not
shown.
$ million
|
COUNTRY
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Algeria
|
|
30.4
|
|
|
|
|
30.4
|
|
Angola
|
|
2.1
|
|
|
|
|
2.1
|
|
Argentina
|
|
0.1
|
|
|
|
|
0.1
|
|
Australia
|
|
582.8
|
119.0
|
11.7
|
|
|
713.6
|
|
Azerbaijan
|
12,645.6
|
883.5
|
|
2.1
|
450.0
|
|
13,981.2
|
|
Brazil
|
|
(2.5)
|
|
1.2
|
1.7
|
|
0.4
|
|
Canada
|
|
|
|
1.4
|
|
|
1.4
|
|
Egypt
|
|
389.2
|
|
2.7
|
12.7
|
|
404.6
|
|
India
|
16.0
|
|
|
|
|
|
16.0
|
|
Indonesia
|
410.6
|
280.9
|
|
0.1
|
|
|
691.6
|
|
Iraq
|
|
53.7
|
|
|
|
|
53.7
|
|
Israel
|
|
|
|
|
1.7
|
|
1.7
|
|
Mauritania
|
|
|
|
1.3
|
|
0.1
|
1.5
|
|
Mexico
|
|
0.2
|
|
77.7
|
|
|
77.9
|
|
Oman
|
2,314.5
|
911.9
|
|
1.8
|
|
|
3,228.3
|
|
Senegal
|
|
|
|
0.7
|
|
|
0.7
|
|
Trinidad and Tobago
|
|
419.2
|
|
3.8
|
|
|
423.0
|
|
United Arab Emirates
|
|
4,913.3
|
|
6.0
|
|
|
4,919.2
|
|
United Kingdom
|
|
1,822.1
|
|
8.0
|
|
|
1,830.1
|
|
United States
|
|
104.1
|
1,145.0
|
14.1
|
50.6
|
|
1,313.8
|
|
Total
|
15,386.7
|
10,391.0
|
1,264.0
|
132.6
|
516.7
|
0.1
|
27,691.3
|
Payments by country
Algeria
$ million
|
GOVERNMENT
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Sonatrach
|
|
21.3
|
|
|
|
|
21.3
|
|
Treasury and Accounting
Management (of the State's
Financial Operations)
|
|
9.2
|
|
|
|
|
9.2
|
|
Total
|
|
30.4
|
|
|
|
|
30.4
|
|
PROJECTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
BP Exploration Operating
|
|
9.2
|
|
|
|
|
9.2
|
|
In Amenas
|
|
10.5
|
|
|
|
|
10.5
|
|
In Salah
|
|
10.8
|
|
|
|
|
10.8
|
|
Total
|
|
30.4
|
|
|
|
|
30.4
|
Angola
$ million
|
GOVERNMENTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Ministry of Finance
|
|
2.1
|
|
|
|
|
2.1
|
|
Total
|
|
2.1
|
|
|
|
|
2.1
|
|
PROJECTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Payments not attributable to
projects
|
|
2.1
|
|
|
|
|
2.1
|
|
Total
|
|
2.1
|
|
|
|
|
2.1
|
Argentina
$ million
|
GOVERNMENTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Administracion Federal de Ingresos Publicos
|
|
0.1
|
|
|
|
|
0.1
|
|
Total
|
|
0.1
|
|
|
|
|
0.1
|
|
PROJECTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Payments not attributable to projects
|
|
0.1
|
|
|
|
|
0.1
|
|
Total
|
|
0.1
|
|
|
|
|
0.1
|
Australia
$ million
|
GOVERNMENTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Australian Taxation Office
|
|
582.8
|
|
8.6
|
|
|
591.4
|
|
Department of Mines, Industry Regulation and Safety
|
|
|
119.0
|
2.2
|
|
|
121.3
|
|
Department of Finance
|
|
|
|
0.9
|
|
|
0.9
|
|
Total
|
|
582.8
|
119.0
|
11.7
|
|
|
713.6
|
|
PROJECTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
North West Shelf
|
|
582.8
|
119.0
|
11.7
|
|
|
713.6
|
|
Total
|
|
582.8
|
119.0
|
11.7
|
|
|
713.6
|
Azerbaijan
$ million
|
GOVERNMENTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Azerbaijan (ACG) Ltd. (SOCAR subsidiary)
|
1,067.3(a)
|
|
|
|
|
|
1,067.3
|
|
Azerbaijan (Shah Deniz) Ltd. (SOCAR subsidiary)
|
431.3(b)
|
|
|
|
|
|
431.3
|
|
Ministry of Taxes
|
|
883.5(h)
|
|
|
|
|
883.5
|
|
SGC Upstream LLC
|
1,395.1(c)
|
|
|
|
|
|
1,395.1
|
|
State Oil Company of Azerbaijan Republic (SOCAR)
|
184.7(d)
|
|
|
|
|
|
184.7
|
|
State Oil Fund of Azerbaijan (SOFAZ)
|
9,567.1(e)
|
|
|
2.1
|
450.0
|
|
10,019.3
|
|
Total
|
12,645.6
|
883.5
|
|
2.1
|
450.0
|
|
13,981.2
|
|
PROJECTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Azeri-Chirag-Deepwater Gunashli - PSA
|
8,118.8(f)
|
103.6
|
|
|
450.0
|
|
8,672.4
|
|
Shafag-Asiman - PSA
|
|
|
|
2.1
|
|
|
2.1
|
|
Shah Deniz - PSA
|
4,526.8(g)
|
779.9(i)
|
|
|
|
|
5,306.7
|
|
Total
|
12,645.6
|
883.5
|
|
2.1
|
450.0
|
|
13,981.2
|
a)
Payments in kind for 12.9 million barrels of crude oil valued at
netback value per the production sharing agreement.
b)
Includes payments in kind of $74.8 million for 1.0 million barrels
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 $358.4 million for 4.5 million barrels
of crude oil valued at netback value per the production sharing
agreement and the remaining production entitlement was paid in
cash.
d)
Payments in kind for 2.0 billion cubic metres of associated residue
natural gas valued on the basis of gas prices realized in a similar
Azerbaijan project.
e)
Includes payments in kind of $7,509.3 million for 91.5 million
barrels 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 $7,934.1 million for 96.3 million
barrels of crude oil valued at netback value per the production
sharing agreement and payments in kind of $184.7 million for 2.0
billion cubic metres of associated residue natural gas valued on
the basis of gas prices realized in a similar Azerbaijan
project.
g)
Includes payments in kind of $1,075.8 million for 13.7 million
barrels of crude oil valued at netback value per the production
sharing agreement and the remaining production entitlement was paid
in cash.
h)
Includes $779.9 million of taxes settled by SOCAR on bp's behalf,
out of entitlement, pursuant to the relevant
agreements.
i)
Pursuant to the relevant agreements, SOCAR paid these taxes on bp's
behalf out of revenue entitlements.
Brazil
$ million
|
GOVERNMENTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Agencia Nacional do Petroleo, Gas Natural
e Biocombustíveis (ANP)
|
|
|
|
0.9
|
1.7
|
|
2.6
|
|
Petrobras
|
|
|
|
0.3
|
|
|
0.3
|
|
Secretaria da Receita Federal
|
|
(2.5)(a)
|
|
|
|
|
(2.5)
|
|
Total
|
|
(2.5)
|
|
1.2
|
1.7
|
|
0.4
|
(a) Income tax refund related to 2011.
|
PROJECTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Bumerangue
|
|
|
|
|
1.7
|
|
1.7
|
|
CM-477
|
|
|
|
0.3
|
|
|
0.3
|
|
CM-755
|
|
|
|
0.4
|
|
|
0.4
|
|
CM-793
|
|
|
|
0.4
|
|
|
0.4
|
|
S-M-1500
|
|
|
|
0.2
|
|
|
0.2
|
|
Payments not attributable to projects
|
|
(2.5)
|
|
|
|
|
(2.5)
|
|
Total
|
|
(2.5)
|
|
1.2
|
1.7
|
|
0.4
|
Canada
$ million
|
GOVERNMENTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Canada Newfoundland and Labrador Offshore Petroleum
Board
|
|
|
|
0.5
|
|
|
0.5
|
|
Government of The Province of
Alberta
|
|
|
|
0.5
|
|
|
0.5
|
|
Natural Resources Canada
|
|
|
|
0.4
|
|
|
0.4
|
|
Total
|
|
|
|
1.4
|
|
|
1.4
|
|
PROJECTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Newfoundland Exploration
|
|
|
|
0.9
|
|
|
0.9
|
|
Terre De Grace
|
|
|
|
0.5
|
|
|
0.5
|
|
Total
|
|
|
|
1.4
|
|
|
1.4
|
Egypt
$ million
|
GOVERNMENTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Production improvements
|
Total
|
|
Egyptian General Petroleum
|
|
|
|
2.7
|
12.7
|
|
15.4
|
|
Egyptian Tax Authority
|
|
389.2(a)
|
|
|
|
|
389.2
|
|
Total
|
|
389.2
|
|
2.7
|
12.7
|
|
404.6
|
|
PROJECTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Baltim
|
|
48.7(a)
|
|
|
|
|
48.7
|
|
El Qaraa
|
|
18.8(a)
|
|
|
0.8
|
|
19.6
|
|
North Damietta
|
|
172.2(a)
|
|
|
|
|
172.2
|
|
North El Hammad
|
|
19.7(a)
|
|
|
|
|
19.7
|
|
Ras El Bar
|
|
20.5(a)
|
|
|
|
|
20.5
|
|
Temsah
|
|
14.6(a)
|
|
|
|
|
14.6
|
|
UGDC
|
|
0.2(a)
|
|
|
|
|
0.2
|
|
West Mediterranean
|
|
29.0(a)
|
|
|
|
|
29.0
|
|
West Nile Delta
|
|
|
|
2.7
|
12.0
|
|
14.6
|
|
Zohr
|
|
65.4(a)
|
|
|
|
|
65.4
|
|
Total
|
|
389.2
|
|
2.7
|
12.7
|
|
404.6
|
|
(a)
|
Pursuant to the relevant agreements, Egypt General Petroleum
Corporation paid these taxes on bp's behalf out of production
entitlement.
|
India
$ million
|
GOVERNMENTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Ministry of Petroleum and Natural Gas
|
16.0
|
|
|
|
|
|
16.0
|
|
Total
|
16.0
|
|
|
|
|
|
16.0
|
|
PROJECTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
KG D6 KG-DWN-98/3
|
16.0
|
|
|
|
|
|
16.0
|
|
Total
|
16.0
|
|
|
|
|
|
16.0
|
Indonesia
$ million
|
GOVERNMENTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Ministry of Finance
|
410.6(a)
|
280.9
|
|
|
|
|
691.5
|
|
SKKMIGAS
|
|
|
|
0.1(b)
|
|
|
0.1
|
|
Total
|
410.6
|
280.9
|
|
0.1
|
|
|
691.6
|
|
PROJECTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Tangguh
|
410.6(a)
|
280.9
|
|
0.1(b)
|
|
|
691.6
|
|
Total
|
410.6
|
280.9
|
|
0.1
|
|
|
691.6
|
|
(a)
|
Includes payments in kind of $60.3 million for 0.9 million barrels
of condensates valued per the production sharing agreement. The
remaining production entitlement for LNG was paid in
cash.
|
|
(b)
|
Payments totalling $5.2 million in relation to the same North Shore
Housing and clean water well programs were made in the period 2017
to 2022. Those payments were previously treated as infrastructure
improvements which bp expect to report when the relevant assets are
handed over to the government or local community. For 2023 bp is
reporting as cash payments on a cash basis.
|
Iraq
$ million
|
GOVERNMENTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
General Commission for Taxes
|
|
53.7
|
|
|
|
|
53.7
|
|
Total
|
|
53.7
|
|
|
|
|
53.7
|
|
PROJECTS
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Rumaila
|
|
53.7
|
|
|
|
|
53.7
|
|
Total
|
|
53.7
|
|
|
|
|
53.7
|
Israel
$ million
|
GOVERNMENTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Ministry of Energy and
Infrastructure
|
|
|
|
|
1.7
|
|
1.7
|
|
Total
|
|
|
|
|
1.7
|
|
1.7
|
|
PROJECTS
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
|
Licences in
Zone I
|
|
|
|
|
1.7
|
|
1.7
|
|
Total
|
|
|
|
|
1.7
|
|
1.7
|
Mauritania
$ million
|
GOVERNMENTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Ministry of Petroleum, Energy and Mines
|
|
|
|
1.0
|
|
0.1
|
1.1
|
|
Société Mauritanienne
des
Hydrocarbures
|
|
|
|
0.4
|
|
|
0.4
|
|
Total
|
|
|
|
1.3
|
|
0.1
|
1.5
|
|
PROJECTS
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
|
BirAllah
|
|
|
|
0.7
|
|
|
0.7
|
|
Block C8
|
|
|
|
0.7
|
|
|
0.7
|
|
Payments not attributable to projects
|
|
|
|
|
|
0.1
|
0.1
|
|
Total
|
|
|
|
1.3
|
|
0.1
|
1.5
|
Mexico
$ million
|
GOVERNMENTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Fondo Mexicano del Petróleo
|
|
|
|
77.7
|
|
|
77.7
|
|
Sistema de administración Tributaria
|
|
0.2
|
|
|
|
|
0.2
|
|
Total
|
|
0.2
|
|
77.7
|
|
|
77.9
|
|
PROJECTS
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Cuencas del Sureste 34 R3
|
|
|
|
32.8
|
|
|
32.8
|
|
Cuenca Salina 1 R1
|
|
0.2
|
|
44.8
|
|
|
45.1
|
|
Total
|
|
0.2
|
|
77.7
|
|
|
77.9
|
Oman
$ million
|
GOVERNMENTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Makarim Gas Development
|
564.1(a)
|
|
|
|
|
|
564.1
|
|
Ministry of Energy and Minerals
|
1,750.5(b)
|
|
|
0.4
|
|
|
1,750.9
|
|
Ministry of Labour
|
|
|
|
1.4
|
|
|
1.4
|
|
Oman Tax Authority
|
|
911.9(c)
|
|
|
|
|
911.9
|
|
Total
|
2,314.5
|
911.9
|
|
1.8
|
|
|
3,228.3
|
|
PROJECTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Khazzan
|
2,314.5(a)(b)
|
911.9
|
|
1.8
|
|
|
3,228.3
|
|
Total
|
2,314.5
|
911.9
|
|
1.8
|
|
|
3,228.3
|
|
(a)
|
Comprises payments in kind of $225.5 million for 2.7 million
barrels of condensates valued at market prices, $337.8 million for
97.2 million mmBtu of gas valued per the Gas Sales Agreement and
$0.8 million was paid in cash.
|
|
(b)
|
Comprises payments in kind of $915.6 million for 11.1 million
barrels of condensates valued at market prices, $831.9 million for
95.8 million mmBtu of gas valued per the Gas Sales Agreement and
$3.0 million was paid in cash.
|
|
(c)
|
Pursuant to the relevant agreements, the Ministry of Oil and Gas
paid $671.5 million of taxes on bp's behalf out of their production
entitlement.
|
Senegal
$ million
|
GOVERNMENTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Société des pétroles du
Sénégal
|
|
|
|
0.7
|
|
|
0.7
|
|
Total
|
|
|
|
0.7
|
|
|
0.7
|
|
PROJECTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Block Cayar Profond
|
|
|
|
0.4
|
|
|
0.4
|
|
Block St Louis Profond
|
|
|
|
0.3
|
|
|
0.3
|
|
Total
|
|
|
|
0.7
|
|
|
0.7
|
Trinidad and Tobago
$ million
|
GOVERNMENTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Board of Inland Revenue
|
|
183.2
|
|
|
|
|
183.2
|
|
Ministry of Energy and Energy Industries
|
|
236.0
|
|
3.8
|
|
|
239.8
|
|
Total
|
|
419.2
|
|
3.8
|
|
|
423.0
|
|
PROJECTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Block 5B
|
|
|
|
1.9
|
|
|
1.9
|
|
Block 25A
|
|
|
|
0.9
|
|
|
0.9
|
|
Block 25B
|
|
|
|
0.9
|
|
|
0.9
|
|
BPTT Blocks
|
|
419.2
|
|
0.1
|
|
|
419.3
|
|
Total
|
|
419.2
|
|
3.8
|
|
|
423.0
|
United Arab Emirates
$ million
|
GOVERNMENTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Abu Dhabi National Oil Company
|
|
|
|
6.0
|
|
|
6.0
|
|
Department of Finance Abu Dhabi
|
|
4,913.3
|
|
|
|
|
4,913.3
|
|
Total
|
|
4,913.3
|
|
6.0
|
|
|
4,919.2
|
|
PROJECTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
ADCO Concession (Onshore)
|
|
4,913.3
|
|
6.0
|
|
|
4,919.2
|
|
Total
|
|
4,913.3
|
|
6.0
|
|
|
4,919.2
|
United Kingdom
$ million
|
GOVERNMENTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
HM Revenue and Customs
|
|
1,822.1(a)(b)
|
|
|
|
|
1,822.1
|
|
Oil and Gas Authority
|
|
|
|
7.7
|
|
|
7.7
|
|
The Crown Estate
|
|
|
|
0.3
|
|
|
0.3
|
|
Total
|
|
1,822.1
|
|
8.0
|
|
|
1,830.1
|
|
PROJECTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Andrew
|
|
|
|
0.4
|
|
|
0.4
|
|
Clair
|
|
|
|
0.4
|
|
|
0.4
|
|
Decommissioning
|
|
(77.3)(a)
|
|
0.2
|
|
|
(77.1)
|
|
ETAP
|
|
|
|
0.7
|
|
|
0.7
|
|
Exploration
|
|
|
|
2.0
|
|
|
2.0
|
|
Foinaven
|
|
|
|
2.1
|
|
|
2.1
|
|
Murlach
|
|
|
|
0.2
|
|
|
0.2
|
|
Non-Operated
|
|
(3.5)(a)
|
|
0.4
|
|
|
(3.0)
|
|
Pipelines
|
|
|
|
0.3
|
|
|
0.3
|
|
Schiehallion
|
|
|
|
1.3
|
|
|
1.3
|
|
Payments not attributable to projects
|
|
1,902.8(b)
|
|
|
|
|
1,902.8
|
|
Total
|
|
1,822.1
|
|
8.0
|
|
|
1,830.1
|
|
(a)
|
Net refunds result from the carry back of tax losses, resulting in
a refund of taxes paid in prior years.
|
|
(b)
|
Settlement of tax which include interest over/under
payments.
|
United States
$ million
|
GOVERNMENTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Office of Natural Revenue
|
|
|
1.0
|
|
|
|
1.0
|
|
Office of Natural Revenue/Department Interior
|
|
|
1,031.1
|
12.6
|
50.6
|
|
1,094.3
|
|
State of Alaska
|
|
(67.6)(a)
|
|
|
|
|
(67.6)
|
|
State of California
|
|
|
0.1(b)
|
|
|
|
0.1
|
|
State of Colorado
|
|
0.2
|
|
|
|
|
0.2
|
|
State of Delaware
|
|
|
1.9(b)
|
|
|
|
1.9
|
|
State of Louisiana
|
|
49.5
|
8.0(b)
|
0.2
|
|
|
57.7
|
|
State of Texas
|
|
120.6
|
102.9(b)
|
1.3
|
|
|
224.8
|
|
West Virginia
|
|
1.3
|
|
|
|
|
1.3
|
|
Total
|
|
104.1
|
1,145.0
|
14.1
|
50.6
|
|
1,313.8
|
|
PROJECTS
|
Production entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure improvements
|
Total
|
|
Alaska
|
|
(67.6)
|
|
|
|
|
(67.6)
|
|
California
|
|
|
0.1
|
|
|
|
0.1
|
|
Colorado
|
|
0.2
|
|
|
|
|
0.2
|
|
Delaware
|
|
|
1.9
|
|
|
|
1.9
|
|
Gulf of Mexico
- Central
|
|
|
983.1
|
12.2
|
50.6
|
|
1,045.9
|
|
Gulf of Mexico
- Western
|
|
|
48.0
|
0.4
|
|
|
48.4
|
|
Louisiana
|
|
49.5
|
8.0
|
0.2
|
|
|
57.7
|
|
Texas
|
|
120.6
|
102.9
|
1.3
|
|
|
224.8
|
|
West Virginia
|
|
1.3
|
|
|
|
|
1.3
|
|
Payments not attributable to projects
|
|
|
1.0
|
|
|
|
1.0
|
|
Total
|
|
104.1
|
1,145.0
|
14.1
|
50.6
|
|
1,313.8
|
|
(a)
|
Net refunds result from the carry back of tax losses, resulting in
a refund of taxes paid in prior years.
|
|
(b)
|
Payments to states where bp has no extractive activities relate to
Escheatment of Royalties.
|
Other resources
bp payments to governments 2023
Detailed data filed with UK Registrar
extractives.companieshouse.gov.uk
bp annual and sustainability reporting
bp Annual Report and Form 20-F 2023
bp.com/annualreport
bp Sustainability Report 2023
bp.com/sustainability
bp Tax Report 2023
bp.com/tax
bp economic impact reports
bp US Economic Impact Report
bp.com/economicimpact-us
bp UK Economic Impact Report
bp.com/economicimpact-uk
bp EU
Economic Impact Report
bp-european-economic-impact-report-2023.pdf
Contacts
|
Press Office
|
|
London
David Nicholas
+44 (0)20 7496 4708
|
|
Houston
Paul
Takahashi
+1 713
903 9729
|
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
|
|
BP
p.l.c.
|
|
|
(Registrant)
|
|
|
|
|
Dated: 20
June 2024
|
|
|
|
/s/ Ben
J. S. Mathews
|
|
|
------------------------
|
|
|
Ben J.
S. Mathews
|
|
|
Company
Secretary
|
BP (PK) (USOTC:BPAQF)
Gráfico Histórico do Ativo
De Jan 2025 até Fev 2025
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