January 10, 2022 Filed pursuant to Rule 433 Registration Statement Nos. 333-254751 and 333-254751-02

PRICING TERM SHEET

U.S.$2,000,000,000 2.721% Fixed Rate Guaranteed Notes due 2032

Issuer:	BP Capital Markets America Inc. (“BP Capital America”)
Guarantor:	BP p.l.c. (“BP”)
Title:	Fixed Rate Guaranteed Notes due 2032 (the “Notes”)
Total Principal Amount Being Issued:	$2,000,000,000
Denomination:	The Notes will be issued in denominations of $1,000 and integral multiples of $1,000.
Issuance Date:	January 12, 2022
Guarantee:	Payment of the principal of and interest on the Notes is fully guaranteed by BP.
Maturity Date:	January 12, 2032
Day Count:	30/360
Day Count Convention:	Following Unadjusted
Interest Rate:	2.721% per annum
Date Interest Starts Accruing:	January 12, 2022
Interest Payment Dates:	January 12 and July 12 of each year, subject to the Day Count Convention.
First Interest Payment Date:	July 12, 2022
Treasury Benchmark:	1.375% due November 15, 2031
Treasury Benchmark Yield/Price:	1.771% / 96-14
Spread to Treasury Benchmark:	T + 95 bps
Re-offer Yield:	2.721%
Business Day:	Any week day on which banking or trust institutions in neither New York nor London are authorized generally or obligated by law, regulation or executive order to close.
Ranking:	The Notes are unsecured and unsubordinated and will rank equally with all of BP Capital America’s other unsecured and unsubordinated indebtedness.
Regular Record Dates for Interest:	The 15th calendar day preceding each Interest Payment Date, whether or not such day is a Business Day.

Payment of Additional Amounts:	In the event that BP is required to withhold any taxes by the laws of the jurisdiction in which BP is incorporated from a payment under the guarantee, BP will be required, subject to certain exceptions, to pay you an additional amount so that the net amount you receive is the amount specified in the Notes to which you are entitled.
Listing:	Application will be made to list the Notes on the New York Stock Exchange, although neither BP Capital America nor BP can guarantee such listing will be obtained.
Redemption:	The Notes are not redeemable, except as described under “Description of Debt Securities and Guarantees—Optional Tax Redemption” on page 18 of the prospectus and as described below under “Optional Redemption”. The provision for optional tax redemption described in the prospectus will apply in respect of changes in tax treatments occurring after January 10, 2022.
Optional Redemption:	Prior to October 12, 2031 (the date that is three months prior to the scheduled maturity date for the Notes), BP Capital America has the right to redeem the Notes, in whole or in part, at any time and from time to time at a redemption price equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed that would be due if such Notes matured on October 12, 2031 (not including any portion of payments of interest accrued and unpaid to the redemption date) discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the treasury rate plus 15 basis points, plus in either case accrued and unpaid interest to the date of redemption. On or after October 12, 2031 (the date that is three months prior to the scheduled maturity date for the Notes), BP Capital America has the right to redeem the Notes, in whole or in part, at any time and from time to time at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, thereon to, but excluding, the date of redemption. For purposes of determining the optional redemption price, the following definitions are applicable. “Treasury rate” means, with respect to any redemption date, the rate per annum equal to the semi-annual equivalent yield to maturity or interpolated (on a day count basis) of the comparable treasury issue, assuming a price for the comparable treasury issue (expressed as a percentage of its principal amount) equal to the comparable treasury price for such redemption date. “Comparable treasury issue” means the U.S. Treasury security or securities selected by the quotation agent as having an actual or interpolated maturity comparable to the remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Notes. “Comparable treasury price” means, with respect

	to any redemption date, the average of the reference treasury dealer quotations for such redemption date. “Quotation agent” means one of the reference treasury dealers appointed by BP Capital America. “Reference treasury dealer” means one of BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC or one of their affiliates, which is a primary U.S. government securities dealer in the United States (a “primary treasury dealer”), and their respective successors, and two other primary treasury dealers selected by BP Capital America, provided, however, that if any of the foregoing shall cease to be a primary treasury dealer, BP Capital America shall substitute therefor another primary treasury dealer. “Reference treasury dealer quotations” means with respect to each reference treasury dealer and any redemption date, the average, as determined by the quotation agent, of the bid and asked prices for the comparable treasury issue (expressed in each case as a percentage of its principal amount) quoted in writing to the quotation agent by such reference treasury dealer at 5:00 p.m. New York time on the third business day preceding such redemption date.
Sinking Fund:	There is no sinking fund.
Further Issuances:	BP Capital America may, at its sole option, at any time and without the consent of the then existing Note holders issue additional notes in one or more transactions subsequent to the date of the related prospectus supplement dated January 10, 2022 with terms (other than the issuance date, public offering price and, possibly, the first interest payment date and the date interest starts accruing) identical to the Notes issued pursuant to the prospectus supplement. These additional notes will be deemed part of the same series as and fungible with the Notes issued pursuant to the prospectus supplement and will provide the holders of these additional notes the right to vote together with holders of the Notes issued pursuant to the prospectus supplement, provided that such additional notes will be issued with no more than de minimis original issue discount or will be part of a “qualified reopening” for U.S. federal income tax purposes.
Public Offering Price:	Per Note: 100.000%; Total: $2,000,000,000
Underwriters’ Discount:	Per Note: 0.250%; Total: $5,000,000
Proceeds, Before Expenses, to Us:	Per Note: 99.750%; Total: $1,995,000,000

Underwriter:	BNP Paribas Securities Corp.	$	333,334,000
	Citigroup Global Markets Inc.	$	333,334,000
	Credit Agricole Securities (USA) Inc.	$	333,333,000
	Credit Suisse Securities (USA) LLC	$	333,333,000
	Goldman Sachs & Co. LLC	$	333,333,000
	Wells Fargo Securities, LLC	$	333,333,000

CUSIP Number:	10373Q BT6
ISIN:	US10373QBT67

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UK MiFIR professionals / ECPs-only — the UK manufacturer’s target market (UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels).

No EEA PRIIPs KID — no EEA PRIIPs key information document (KID) has been prepared as the Notes are not available to retail in the EEA.

No UK PRIIPs KID — no UK PRIIPs key information document (KID) has been prepared as the Notes are not available to retail in the United Kingdom.

We expect that delivery of the Notes will be made to investors on or about January 12, 2022 (such settlement being referred to as “T+2”). Purchasers of the Notes who wish to trade the Notes prior to their date of delivery hereunder should consult their own advisors.

The Issuer and the Guarantor have filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and the other documents the Issuer and the Guarantor have filed with the SEC for more complete information about the Issuer, the Guarantor and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the Issuer, the Guarantor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling BNP Paribas Securities Corp. at 1-800-854-5674, Citigroup Global Markets Inc. at 1-800-831-9146, Credit Agricole Securities (USA) Inc. at 1-866-807-6030, Credit Suisse Securities (USA) LLC at 1-800-221-1037, Goldman Sachs & Co. LLC at 1-866-471-2526, and Wells Fargo Securities, LLC at 1-800-645-3751.

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