0001654954-17-006232.txt : 20170707 0001654954-17-006232.hdr.sgml : 20170707 20170707104955 ACCESSION NUMBER: 0001654954-17-006232 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170707 FILED AS OF DATE: 20170707 DATE AS OF CHANGE: 20170707 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BP PLC CENTRAL INDEX KEY: 0000313807 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06262 FILM NUMBER: 17954251 BUSINESS ADDRESS: STREET 1: 1 ST JAMES'S SQUARE CITY: LONDON STATE: X0 ZIP: SW1Y 4PD BUSINESS PHONE: 442074962107 MAIL ADDRESS: STREET 1: 1 ST JAMES'S SQUARE CITY: LONDON STATE: X0 ZIP: SW1Y 4PD FORMER COMPANY: FORMER CONFORMED NAME: BP AMOCO PLC DATE OF NAME CHANGE: 19990104 FORMER COMPANY: FORMER CONFORMED NAME: BRITISH PETROLEUM CO PLC DATE OF NAME CHANGE: 19970226 6-K 1 batchfiling-june2017.htm BATCH FILING Blueprint
 
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 03 July, 2017
 
 
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
Director/PDMR Shareholding dated 13 June 2017
Exhibit 1.2 
Director/PDMR Shareholding dated 27 June 2017
Exhibit 1.3
BP Report on Payments to Governments 2016 dated 28 June 2017
Exhibit 1.4
Total Voting Rights dated 03 July 2017
 
 
Exhibit 1.1
 
 
BP p.l.c.
 
 
Notification of transactions of persons discharging managerial responsibility or persons closely associated
 
1
 
Details of the person discharging managerial responsibilities/person closely associated
 
a)
 
Name
 
Brian Gilvary
 
2
 
Reason for the notification
 
a)
 
Position/status
 
Chief Financial Officer / Director
 
b)
 
Initial notification/Amendment
 
Initial notification
 
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
 
Name
 
BP p.l.c.
 
b)
 
LEI
 
213800LH1BZH3DI6G760
 
4
 
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
 
a)
 
Description of the financial instrument, type of instrument
Identification code
 
Ordinary shares of $0.25
GB0007980591
 
b)
 
Nature of the transaction
 
Shares acquired through participation in the BP ShareMatch UK Plan
 
c)
 
Price(s) and volume(s)
 
Price(s)
 
Volume(s)
 
 
£4.678
 
68
 
d)
 
Aggregated information
- Volume
- Price
- Total
 
 
68
£4.678
£318.10
 
e)
 
Date of the transaction
 
12 June 2017
 
f)
 
Place of the transaction
 
Outside a trading venue
 
 
 
 
1
 
Details of the person discharging managerial responsibilities/person closely associated
 
a)
 
Name
 
Bernard Looney
 
2
 
Reason for the notification
 
a)
 
Position/status
 
Chief Executive Upstream / PDMR
 
b)
 
Initial notification/Amendment
 
Initial notification
 
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
 
Name
 
BP p.l.c.
 
b)
 
LEI
 
213800LH1BZH3DI6G760
 
4
 
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
 
a)
 
Description of the financial instrument, type of instrument
Identification code
 
Ordinary shares of $0.25
GB0007980591
 
b)
 
Nature of the transaction
 
Shares acquired through participation in the BP ShareMatch UK Plan
 
c)
 
Price(s) and volume(s)
 
Price(s)
 
Volume(s)
 
 
£4.678
 
68
 
d)
 
Aggregated information
- Volume
- Price
- Total
 
 
68
£4.678
£318.10
 
e)
 
Date of the transaction
 
12 June 2017
 
f)
 
Place of the transaction
 
Outside a trading venue
 
 
This notice is given in fulfilment of the obligation under Article 19 of the Market Abuse Regulation.
 
 
 
Exhibit 1.2
 
 
BP p.l.c.
 
 
Notification of transactions of persons discharging managerial responsibility or connected persons
 
1
 
Details of the person discharging managerial responsibilities/person closely associated
 
a)
 
Name
 
Bernard Looney
 
2
 
Reason for the notification
 
a)
 
Position/status
 
Chief Executive Upstream / PDMR
 
b)
 
Initial notification/Amendment
 
Initial notification
 
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
 
Name
 
BP p.l.c.
 
b)
 
LEI
 
213800LH1BZH3DI6G760
 
4
 
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
 
a)
 
Description of the financial instrument, type of instrument
Identification code
 
Ordinary shares of $0.25
GB0007980591
 
b)
 
Nature of the transaction
 
Shares acquired through participation in the BP Scrip Dividend Programme
 
c)
 
Price(s) and volume(s)
 
Price(s)
 
Volume(s)
 
 
$5.992
 
336
 
d)
 
Aggregated information
- Volume
- Price
- Total
 
 
336
$5.992
$2,013.31
 
e)
 
Date of the transaction
 
23 June 2017
 
f)
 
Place of the transaction
 
Outside a trading venue
 
 
 
 
1
 
Details of the person discharging managerial responsibilities/person closely associated
 
a)
 
Name
 
Bernard Looney
 
2
 
Reason for the notification
 
a)
 
Position/status
 
Chief Executive Upstream / PDMR
 
b)
 
Initial notification/Amendment
 
Initial notification
 
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
 
Name
 
BP p.l.c.
 
b)
 
LEI
 
213800LH1BZH3DI6G760
 
4
 
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
 
a)
 
Description of the financial instrument, type of instrument
Identification code
 
Ordinary shares of $0.25
GB0007980591
 
b)
 
Nature of the transaction
 
Shares acquired through participation in the BP Scrip Dividend Programme, in relation to his ordinary shareholding in his vested share account
 
c)
 
Price(s) and volume(s)
 
Price(s)
 
Volume(s)
 
 
£4.5345
 
11,622
 
d)
 
Aggregated information
- Volume
- Price
- Total
 
 
11,622
£4.5345
£52,699.96
 
e)
 
Date of the transaction
 
23 June 2017
 
f)
 
Place of the transaction
 
Outside a trading venue
 
 
 
 
1
 
Details of the person discharging managerial responsibilities/person closely associated
 
a)
 
Name
 
Bernard Looney
 
2
 
Reason for the notification
 
a)
 
Position/status
 
Chief Executive Upstream / PDMR
 
b)
 
Initial notification/Amendment
 
Initial notification
 
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
 
Name
 
BP p.l.c.
 
b)
 
LEI
 
213800LH1BZH3DI6G760
 
4
 
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
 
a)
 
Description of the financial instrument, type of instrument
Identification code
 
Ordinary shares of $0.25
GB0007980591
 
b)
 
Nature of the transaction
 
Shares acquired through participation in the BP Scrip Dividend Programme, in relation to his ShareMatch UK holding
 
c)
 
Price(s) and volume(s)
 
Price(s)
 
Volume(s)
 
 
£4.5635
 
161
 
d)
 
Aggregated information
- Volume
- Price
- Total
 
 
161
£4.5635
£734.72
 
e)
 
Date of the transaction
 
23 June 2017
 
f)
 
Place of the transaction
 
Outside a trading venue
 
 
 
 
1
 
Details of the person discharging managerial responsibilities/person closely associated
 
a)
 
Name
 
Mehmet Tufan Erginbilgic
 
2
 
Reason for the notification
 
a)
 
Position/status
 
Chief Executive Downstream / PDMR
 
b)
 
Initial notification/Amendment
 
Initial notification
 
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
 
Name
 
BP p.l.c.
 
b)
 
LEI
 
213800LH1BZH3DI6G760
 
4
 
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
 
a)
 
Description of the financial instrument, type of instrument
Identification code
 
Ordinary shares of $0.25
GB0007980591
 
b)
 
Nature of the transaction
 
Shares acquired through participation in the BP Scrip Dividend Programme, in relation to his ordinary shareholding in his vested share account
 
c)
 
Price(s) and volume(s)
 
Price(s)
 
Volume(s)
 
 
£4.5345
 
11,052
 
d)
 
Aggregated information
- Volume
- Price
- Total
 
 
11,052
£4.5345
£50,115.29
 
e)
 
Date of the transaction
 
23 June 2017
 
f)
 
Place of the transaction
 
Outside a trading venue
 
 
 
 
1
 
Details of the person discharging managerial responsibilities/person closely associated
 
a)
 
Name
 
Mehmet Tufan Erginbilgic
 
2
 
Reason for the notification
 
a)
 
Position/status
 
Chief Executive Downstream / PDMR
 
b)
 
Initial notification/Amendment
 
Initial notification
 
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
 
Name
 
BP p.l.c.
 
b)
 
LEI
 
213800LH1BZH3DI6G760
 
4
 
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
 
a)
 
Description of the financial instrument, type of instrument
Identification code
 
Ordinary shares of $0.25
GB0007980591
 
b)
 
Nature of the transaction
 
Shares acquired through participation in the BP Scrip Dividend Programme, in relation to his Global ShareMatch holding
 
c)
 
Price(s) and volume(s)
 
Price(s)
 
Volume(s)
 
 
£4.5635
 
41
 
d)
 
Aggregated information
- Volume
- Price
- Total
 
 
41
£4.5635
£187.10
 
e)
 
Date of the transaction
 
23 June 2017
 
f)
 
Place of the transaction
 
Outside a trading venue
 
 
 
 
1
 
Details of the person discharging managerial responsibilities/person closely associated
 
a)
 
Name
 
Ian Davis
 
2
 
Reason for the notification
 
a)
 
Position/status
 
Non-Executive Director
 
b)
 
Initial notification/Amendment
 
Initial notification
 
3
 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 
a)
 
Name
 
BP p.l.c.
 
b)
 
LEI
 
213800LH1BZH3DI6G760
 
4
 
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
 
a)
 
Description of the financial instrument, type of instrument
Identification code
 
Ordinary shares of $0.25
GB0007980591
 
b)
 
Nature of the transaction
 
Shares acquired through participation in the BP Scrip Dividend Programme
 
c)
 
Price(s) and volume(s)
 
Price(s)
 
Volume(s)
 
 
$5.99
 
437
 
d)
 
Aggregated information
- Volume
- Price
- Total
 
 
437
$5.99
$2,617.63
 
e)
 
Date of the transaction
 
23 June 2017
 
f)
 
Place of the transaction
 
Outside a trading venue
 
 
This notice is given in fulfilment of the obligation under Article 19 of the Market Abuse Regulation.
 
 
 
 Exhibit 1.3
 
BP p.l.c.
Report on payments to governments
Year ended 31 December 2016
 
 
 
Top of page 2
CONTENTS
 
 
INTRODUCTION
 
3
BASIS OF PREPARATION
 
3
PAYMENTS OVERVIEW
 
6
PAYMENTS BY COUNTRY
 
7
INDEPENDENT LIMITED ASSURANCE REPORT
 
27
OTHER SOURCES
 
29
 
 
Top of page 3
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.
 
 
Top of page 4
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 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 £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 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.
 
 
Top of page 5
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 for use by 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 2016, 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.
 
 
Top of page 6
Payments overview
 
The table below shows the relevant payments to governments made by BP in the year ended 31 December 2016 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
 
70.4
 
0.1
 
 
70.5
Angola
1,761.4
508.7
 
 
56.9
2.5
2,329.5
Argentina
 
0.3
 
 
 
 
0.3
Australia
 
106.4
107.1
 
 
 
213.4
Azerbaijan
6,193.9
94.4
 
2.1
 
 
6,290.4
Brazil
 
14.3
 
1.4
 
 
15.7
Canada
 
 
0.2
1.9
 
 
2.0
China
 
 
 
 
2.0
 
2.0
Egypt
 
84.6
 
 
12.1
 
96.7
India
1.3
 
 
 
 
 
1.3
Indonesia
312.6
201.0
 
 
 
 
513.5
Iraq
 
87.5
 
0.6
 
1.0
89.1
Libya
 
 
 
(0.3)
 
 
(0.3)
Norway
 
 
 
1.6
 
 
1.6
Oman
 
 
 
0.4
 
2.3
2.7
Russia
 
37.8
 
 
 
 
37.8
Trinidad and Tobago
 
38.1
61.6
3.4
 
 
103.1
United Arab Emirates
 
623.2
 
2,220.0
 
 
2,843.2
United Kingdom
 
(198.4)
 
9.4
 
 
(189.0)
United States
32.0
(167.7)
602.6
11.7
28.0
 
506.6
Total
8,301.2
1,500.6
771.4
2,252.3
99.0
5.8
12,930.4
 
 
Top of page 7
Payments BY COUNTRY
 
ALGERIA
 
$ million
 
Production
 
 
 
 
Infrastructure
 
GOVERNMENTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Ministère des Finances – Direction
 
 
 
 
 
 
 
  Générale des Impôts
 
(a)70.4
 
 
 
 
70.4
Sonatrach
 
 
 
0.1
 
 
0.1
Total
 
70.4
 
0.1
 
 
70.5
 
 
 
Production
 
 
 
 
Infrastructure
 
PROJECTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
In Amenas
 
(b)15.7
 
0.1
 
 
15.8
In Salah
 
(c)54.7
 
 
 
 
54.7
Total
 
70.4
 
0.1
 
 
70.5
 
 
 
(a)
Includes $69.0 million of taxes settled by Sonatrach on BP's behalf out of production entitlement, pursuant to the relevant agreements.
(b)
Includes $14.3 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 taxes on BP’s behalf out of production entitlements.
 
 
Top of page 8
ANGOLA
 
$ million
 
Production
 
 
 
 
Infrastructure
 
GOVERNMENTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Adminstracao Geral Tributaria
 
5.4
 
 
 
 
5.4
Benguela Province
 
 
 
 
 
1.3
1.3
Finance Ministry
 
494.3
 
 
 
 
494.3
Kwanza Norte Province
 
 
 
 
 
0.2
0.2
Luanda Province
 
 
 
 
 
1.0
1.0
Ministry of Petroleum
 
9.0
 
 
 
 
9.0
Sonangol EP (Concessionaire)
(a)783.5
 
 
 
56.9
 
840.3
Sonangol P&P
(b)978.0
 
 
 
 
 
978.0
Total
1,761.4
508.7
 
 
56.9
2.5
2,329.5
 
 
 
Production
 
 
 
 
Infrastructure
 
PROJECTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Block 15
 
111.9
 
 
 
 
111.9
Block 17
 
171.4
 
 
 
 
171.4
Block 18
(c)592.0
107.0
 
 
 
2.5
701.6
Block 19
 
0.7
 
 
4.0
 
4.7
Block 20
 
 
 
 
42.9
 
42.9
Block 24
 
0.5
 
 
10.0
 
10.5
Block 31
(d)1,169.4
117.1
 
 
 
 
1,286.5
Total
1,761.4
508.7
 
 
56.9
2.5
2,329.5
 
 
 
(a)
Payments in kind for 19.1 million bbls of crude oil valued per the Production Sharing Agreement.
(b)
Payments in kind for 24.9 million bbls of crude oil valued per the Production Sharing Agreement.
(c)
Payments in kind for 14.2 million bbls of crude oil valued per the Production Sharing Agreement.
(d)
Payments in kind for 29.8 million bbls of crude oil valued per the Production Sharing Agreement.
 
 
Top of page 9
ARGENTINA
 
$ million
 
Production
 
 
 
 
Infrastructure
 
GOVERNMENTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Administracion Federal de
 
 
 
 
 
 
 
  Ingresos Publicos (AFIP)
 
0.3
 
 
 
 
0.3
Total
 
0.3
 
 
 
 
0.3
 
 
 
Production
 
 
 
 
Infrastructure
 
PROJECTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Payments not attributable
 
 
 
 
 
 
 
  to projects
 
0.3
 
 
 
 
0.3
Total
 
0.3
 
 
 
 
0.3
 
 
Top of page 10
AUSTRALIA
 
$ million
 
Production
 
 
 
 
Infrastructure
 
GOVERNMENTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Australian Taxation Office
 
106.4
 
 
 
 
106.4
Department of Industry
 
 
107.1
 
 
 
107.1
Total
 
106.4
107.1
 
 
 
213.4
 
 
 
Production
 
 
 
 
Infrastructure
 
PROJECTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
North West Shelf
 
41.9
107.1
 
 
 
149.0
Payments not attributable
 
 
 
 
 
 
 
  to projects
 
64.4
 
 
 
 
64.4
Total
 
106.4
107.1
 
 
 
213.4
 
 
Top of page 11
AZERBAIJAN
 
$ million
 
Production
 
 
 
 
Infrastructure
 
GOVERNMENTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Azerbaijan (ACG) Ltd. (SOCAR
 
 
 
 
 
 
 
  subsidiary)
(a)465.5
 
 
 
 
 
465.5
Azerbaijan (Shah Deniz) Ltd.
 
 
 
 
 
 
 
  (SOCAR subsidiary)
(b)159.8
 
 
 
 
 
159.8
Ministry of Taxes
 
94.4
 
 
 
 
94.4
SGC Upstream LLC
(c)107.2
 
 
 
 
 
107.2
State Oil Company of Azerbaijan
 
 
 
 
 
 
 
  Republic (SOCAR)
(d)161.4
 
 
 
 
 
161.4
State Oil Fund of Azerbaijan
 
 
 
 
 
 
 
  (SOFAZ)
(e)5,300.0
 
 
2.1
 
 
5,302.1
Total
6,193.9
94.4
 
2.1
 
 
6,290.4
 
 
 
Production
 
 
 
 
Infrastructure
 
PROJECTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Azeri-Chirag-Deepwater
 
 
 
 
 
 
 
  Guneshli - PSA
(d)(f)5,598.4
94.4
 
 
 
 
5,692.9
Shafag-Asiman - PSA
 
 
 
2.1
 
 
2.1
Shah Deniz - PSA
(g)595.5
 
 
 
 
 
595.5
Total
6,193.9
94.4
 
2.1
 
 
6,290.4
 
 
 
(a)
Payments in kind for 11.6 million bbls of crude oil valued at netback value per the Production Sharing Agreement.
(b)
Includes payments in kind of $62.5 million for 1.6 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 $42.1 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 $161.4 million for 2.7 billion cubic meters of associated residue natural gas valued on the basis of gas prices realized in a similar Azeri project.
(e)
Includes payments in kind of $5,101 million for 127.4 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 $5,437 million for 135.6 million bbls of crude oil valued at netback value per the Production Sharing Agreement.
(g)
Includes payments in kind of $234.5 million for 6.1 million bbls of crude oil valued at netback value per the Production Sharing Agreement and the remaining production entitlement was paid in cash.
 
 
Top of page 12
BRAZIL
 
$ million
 
Production
 
 
 
 
Infrastructure
 
GOVERNMENTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Agencia Nacional do Petroleo, Gas
 
 
 
 
 
 
 
  Natural e Biocombustíveis (ANP)
 
 
 
1.4
 
 
1.4
Secretaria da Receita Federal
 
14.3
 
 
 
 
14.3
Total
 
14.3
 
1.4
 
 
15.7
 
 
 
Production
 
 
 
 
Infrastructure
 
PROJECTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
BAR-M-346
 
0.8
 
0.2
 
 
1.0
BM-C-34(C-M-471)
 
1.4
 
0.3
 
 
1.7
BM-C-34(C-M-473)
 
2.5
 
0.6
 
 
3.2
BM-C-32 (C-M-61)
 
4.1
 
0.3
 
 
4.3
BM-CAL-13
 
1.9
 
 
 
 
1.9
BT-PN-2 (PN-T-66)
 
0.4
 
 
 
 
0.4
FZA-M-59
 
2.1
 
 
 
 
2.1
Payments not attributable to
 
 
 
 
 
 
 
  projects
 
1.2
 
 
 
 
1.2
Total
 
14.3
 
1.4
 
 
15.7
 
 
Top of page 13
CANADA
 
$ million
 
Production
 
 
 
 
Infrastructure
 
GOVERNMENTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Canada Nova Scotia Offshore
 
 
 
 
 
 
 
  Petroleum Board (CNSOPB)
 
 
 
0.5
 
 
0.5
Government of Canada
 
 
 
1.0
 
 
1.0
Province of Alberta
 
 
0.2
0.4
 
 
0.5
Total
 
 
0.2
1.9
 
 
2.0
 
 
 
Production
 
 
 
 
Infrastructure
 
PROJECTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Kirby Leismer
 
 
0.2
 
 
 
0.2
Newfoundland Exploration
 
 
 
0.7
 
 
0.7
Nova Scotia Exploration
 
 
 
0.8
 
 
0.8
Terre de Grace
 
 
 
0.4
 
 
0.4
Total
 
 
0.2
1.9
 
 
2.0
 
 
Top of page 14
CHINA
 
$ million
 
Production
 
 
 
 
Infrastructure
 
GOVERNMENTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
China National Petroleum
 
 
 
 
 
 
 
  Corporation (CNPC)
 
 
 
 
2.0
 
2.0
Total
 
 
 
 
2.0
 
2.0
 
 
 
Production
 
 
 
 
Infrastructure
 
PROJECTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Sichuan Shale Gas - Neijiang-Dazu
 
 
 
 
1.0
 
1.0
Sichuan Shale Gas - Rong
 
 
 
 
 
 
 
  Chang Bei
 
 
 
 
1.0
 
1.0
Total
 
 
 
 
2.0
 
2.0
 
 
Top of page 15
EGYPT
 
$ million
 
Production
 
 
 
 
Infrastructure
 
GOVERNMENTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Egyptian Natural Gas Holding
 
 
 
 
 
 
 
  Company (EGAS)
 
 
 
 
12.1
 
12.1
Egyptian Tax Authority
 
(a)84.6
 
 
 
 
84.6
Total
 
84.6
 
 
12.1
 
96.7
 
 
 
Production
 
 
 
 
Infrastructure
 
PROJECTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Baltim
 
(a)12.3
 
 
 
 
12.3
East Morgan
 
(a)3.7
 
 
 
 
3.7
East Tanka
 
(a)3.1
 
 
 
 
3.1
El Matareya
 
 
 
 
0.3
 
0.3
North Alexandria / West
 
 
 
 
 
 
 
  Mediterranean Deep Water
 
(a)29.2
 
 
 
 
29.2
North Damietta Offshore
 
 
 
 
4.1
 
4.1
North El Hammad Offshore
 
 
 
 
0.8
 
0.8
North El Mahala
 
 
 
 
0.5
 
0.5
North El Max
 
 
 
 
0.3
 
0.3
North El Tabya Offshore
 
 
 
 
5.0
 
5.0
North October
 
(a)0.8
 
 
 
 
0.8
North Ras El Esh
 
 
 
 
1.0
 
1.0
North Tennin
 
 
 
 
0.3
 
0.3
Ras El Bar
 
(a)8.9
 
 
 
 
8.9
South Belayim
 
(a)10.4
 
 
 
 
10.4
South Gharib
 
(a)4.5
 
 
 
 
4.5
Temsah
 
(a)11.8
 
 
 
 
11.8
Total
 
84.6
 
 
12.1
 
96.7
 
 
 
(a)
Pursuant to the relevant agreements, Egyptian General Petroleum Corporation (EGPC) paid these taxes on BP's behalf out of production entitlement.
 
 
Top of page 16
INDIA
 
$ million
 
Production
 
 
 
 
Infrastructure
 
GOVERNMENTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Ministry of Petroleum & Natural
 
 
 
 
 
 
 
  Gas - Government of India
1.3
 
 
 
 
 
1.3
Total
1.3
 
 
 
 
 
1.3
 
 
 
Production
 
 
 
 
Infrastructure
 
PROJECTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
KG D6 KG-DWN-98/3
1.3
 
 
 
 
 
1.3
Total
1.3
 
 
 
 
 
1.3
 
 
Top of page 17
INDONESIA
 
$ million
 
Production
 
 
 
 
Infrastructure
 
GOVERNMENTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Ministry of Finance
(a)312.6
201.0
 
 
 
 
513.5
Total
312.6
201.0
 
 
 
 
513.5
 
 
 
Production
 
 
 
 
Infrastructure
 
PROJECTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Sanga - Sanga
 
34.2
 
 
 
 
34.2
Tangguh
(a)312.6
166.7
 
 
 
 
479.3
Total
312.6
201.0
 
 
 
 
513.5
 
 
 
(a)
Includes payments in kind of $40.1 million for 1.3 million bbls of condensates and $272.5 million for 44.9 million mmBtu of LNG valued per the Production Sharing Agreement.
 
 
Top of page 18
IRAQ
 
$ million
 
Production
 
 
 
 
Infrastructure
 
GOVERNMENTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Basra Governorate
 
 
 
 
 
0.1
0.1
Ministry of Oil
 
87.5
 
 
 
0.2
87.7
South Oil Company
 
 
 
0.6
 
0.6
1.3
Total
 
87.5
 
0.6
 
1.0
89.1
 
 
 
Production
 
 
 
 
Infrastructure
 
PROJECTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Rumaila
 
87.5
 
0.6
 
1.0
89.1
Total
 
87.5
 
0.6
 
1.0
89.1
 
 
Top of page 19
LIBYA
 
$ million
 
Production
 
 
 
 
Infrastructure
 
GOVERNMENTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
National Oil Corporation
 
 
 
(0.3)
 
 
(0.3)
Total
 
 
 
(0.3)
 
 
(0.3)
 
 
 
Production
 
 
 
 
Infrastructure
 
PROJECTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
EPSA
 
 
 
(0.3)
 
 
(0.3)
Total
 
 
 
(0.3)
 
 
(0.3)
 
 
Top of page 20
NORWAY
 
$ million
 
Production
 
 
 
 
Infrastructure
 
GOVERNMENTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
The Norwegian Petroleum
 
 
 
 
 
 
 
  Directorate
 
 
 
1.6
 
 
1.6
Total
 
 
 
1.6
 
 
1.6
 
 
 
Production
 
 
 
 
Infrastructure
 
PROJECTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Ula
 
 
 
0.5
 
 
0.5
Valhall
 
 
 
1.1
 
 
1.1
Total
 
 
 
1.6
 
 
1.6
 
 
Top of page 21
OMAN
 
$ million
 
Production
 
 
 
 
Infrastructure
 
GOVERNMENTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Ibri Municipality
 
 
 
 
 
2.3
2.3
Ministry of Oil & Gas
 
 
 
0.4
 
 
0.4
Total
 
 
 
0.4
 
2.3
2.7
 
 
 
Production
 
 
 
 
Infrastructure
 
PROJECTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Khazzan
 
 
 
0.4
 
2.3
2.7
Total
 
 
 
0.4
 
2.3
2.7
 
 
Top of page 22
RUSSIA
 
$ million
 
Production
 
 
 
 
Infrastructure
 
GOVERNMENTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Ministry of Finance – Moscow
 
37.8
 
 
 
 
37.8
Total
 
37.8
 
 
 
 
37.8
 
 
 
Production
 
 
 
 
Infrastructure
 
PROJECTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Investment in Rosneft
 
37.2
 
 
 
 
37.2
Payments not attributable
 
 
 
 
 
 
 
  to projects
 
0.5
 
 
 
 
0.5
Total
 
37.8
 
 
 
 
37.8
 
 
Top of page 23
TRINIDAD AND TOBAGO
 
$ million
 
Production
 
 
 
 
Infrastructure
 
GOVERNMENTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Board of Inland Revenue
 
22.3
 
 
 
 
22.3
Ministry of Energy &
 
 
 
 
 
 
 
  Energy Affairs
 
15.8
19.5
3.4
 
 
38.7
National Gas Company of Trinidad
 
 
 
 
 
 
 
  & Tobago Ltd
 
 
(a)42.1
 
 
 
42.1
Total
 
38.1
61.6
3.4
 
 
103.1
 
 
 
Production
 
 
 
 
Infrastructure
 
PROJECTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Block 5B
 
 
 
3.2
 
 
3.2
BPTT Blocks
 
38.1
(a)61.6
0.2
 
 
99.9
Total
 
38.1
61.6
3.4
 
 
103.1
 
 
 
(a)
Includes payments in kind of $42.1 million for 30.5 billion cubic feet of natural gas valued at the same realization prices as other gas sales.
 
 
Top of page 24
UNITED ARAB EMIRATES
 
$ million
 
Production
 
 
 
 
Infrastructure
 
GOVERNMENTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Department of Finance Abu Dhabi
 
(a)623.2
 
 
 
 
623.2
Supreme Petroleum Council
 
 
 
 
 
 
 
  (Abu Dhabi)
 
 
 
(b)2,220.0
 
 
2,220.0
Total
 
623.2
 
2,220.0
 
 
2,843.2
 
 
 
Production
 
 
 
 
Infrastructure
 
PROJECTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
ADCO Concession
 
 
 
(b)2,220.0
 
 
2,220.0
ADMA Concession
 
(a)623.2
 
 
 
 
623.2
Total
 
623.2
 
2,220.0
 
 
2,843.2
 
 
 
(a)
These taxes were paid on BP’s behalf by Abu Dhabi Marine Areas Ltd.
(b)
Relates to the renewal of a 10% interest in the Abu Dhabi onshore oil concession for which 392.9 million ordinary shares in BP p.l.c. were issued. This payment has been valued by reference to the market value of BP p.l.c. ordinary shares during an agreed period prior to the transaction date.
 
 
Top of page 25
UNITED KINGDOM
 
$ million
 
Production
 
 
 
 
Infrastructure
 
GOVERNMENTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Business, Energy & Industrial -
 
 
 
 
 
 
 
  DECC
 
 
 
8.7
 
 
8.7
Crown Estate
 
 
 
0.7
 
 
0.7
HM Revenue and Customs
 
(a)(198.4)
 
 
 
 
(198.4)
Total
 
(198.4)
 
9.4
 
 
(189.0)
 
 
 
Production
 
 
 
 
Infrastructure
 
PROJECTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Andrew
 
 
 
0.3
 
 
0.3
Bruce
 
(5.8)
 
2.0
 
 
(3.7)
Decommissioning
 
(55.2)
 
 
 
 
(55.2)
ETAP
 
 
 
0.3
 
 
0.3
Exploration
 
 
 
1.3
 
 
1.3
Magnus
 
(119.5)
 
0.2
 
 
(119.3)
Non Operated
 
(18.9)
 
0.1
 
 
(18.7)
Pipelines
 
0.9
 
0.6
 
 
1.5
Shetland
 
 
 
4.5
 
 
4.5
Total
 
(a)(198.4)
 
9.4
 
 
(189.0)
 
 
 
(a)
Net refunds result from the carry back of tax losses, resulting in a refund of taxes paid in prior years.
 
 
Top of page 26
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 (d)
 
 
0.2
 
 
 
0.2
Delaware Division of Revenue (d)
 
 
4.9
 
 
 
4.9
Federal Government
 
(b)(285.4)
 
 
 
 
(285.4)
Florida Department of Financial
 
 
 
 
 
 
 
  Services (d)
 
 
0.1
 
 
 
0.1
Kansas Holder Services (d)
 
 
0.1
 
 
 
0.1
Montana State Department of
 
 
 
 
 
 
 
  Revenue (d)
 
 
0.2
 
 
 
0.2
New Jersey State Treasury (d)
 
 
0.1
 
 
 
0.1
Office of Natural Resources
 
 
 
 
 
 
 
  Revenue
 
 
359.0
10.3
28.0
 
397.3
Office of Natural Resources
 
 
 
 
 
 
 
  Revenue – BIA
 
 
1.1
0.8
 
 
1.9
Southern Ute Indian Tribe
(a)32.0
5.2
16.0
0.2
 
 
53.4
State of Alaska
 
69.4
(c) 211.4
0.3
 
 
281.1
State of Arkansas
 
0.5
0.4
 
 
 
0.9
State of Colorado
 
1.4
0.9
 
 
 
2.3
State Of Indiana (d)
 
 
0.1
 
 
 
0.1
State of Louisiana
 
8.7
0.3
 
 
 
8.9
State of New Mexico
 
11.9
1.9
 
 
 
13.8
State of Oklahoma
 
2.6
1.9
 
 
 
4.4
State of Texas
 
4.7
3.0
 
 
 
7.7
State of Wyoming
 
13.3
0.8
 
 
 
14.2
Washington Department of
 
 
 
 
 
 
 
  Revenue (d)
 
 
0.3
 
 
 
0.3
Total
32.0
(167.7)
602.6
11.7
28.0
 
506.6
 
 
Production
 
 
 
 
Infrastructure
 
PROJECTS
Entitlements
Taxes
Royalties
Fees
Bonuses
Improvements
Total
Alaska
 
69.4
(c)211.4
1.1
 
 
281.9
Arkansas
 
0.5
0.4
 
 
 
0.9
Colorado
(a)32.0
6.6
17.4
0.2
 
 
56.1
Gulf of Mexico - Central
 
 
324.3
7.4
21.1
 
352.8
Gulf of Mexico - Western
 
 
0.8
2.7
7.0
 
10.4
Louisiana
 
8.7
0.3
 
 
 
8.9
New Mexico
 
11.9
2.4
 
 
 
14.2
Oklahoma
 
2.6
2.0
 
 
 
4.6
Texas
 
4.7
3.0
 
 
 
7.7
Wyoming
 
13.3
0.8
 
 
 
14.2
Payments not attributable
 
 
 
 
 
 
 
  to projects
 
(b) (285.4)
40.0
0.3
 
 
(245.1)
Total
32.0
(167.7)
602.6
11.7
28.0
 
506.6
 
 
 
(a)
Payments in kind for 16.9 million mmBtu of gas valued on the basis of gas prices realized in the area.
(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)
Includes payments in kind of $37.3 million for 1.0 million bbls of crude oil valued per the Royalty Settlement Agreement.
(d)
Payments to states where BP has no extractive activities relate to Escheatment of Royalties.
 
 
Top of page 27
Independent Limited Assurance Report
 
Independent assurance conclusion to the Directors of BP p.l.c. on the consolidated report on payments to governments
This report is produced in accordance with the terms of the Master Service Agreement (‘MSA’) release order for the purpose of reporting to the Directors of BP p.l.c. (the ‘Company’) in connection with the consolidated report on payments to governments (the ‘consolidated report’), prepared by the Company, in order to comply with the requirements of the Reports on Payments to Governments Regulations 2014 as amended by the Reports on Payments to Governments (Amendment) Regulations 2015 (the ‘Regulations’) for the year ended 31 December 2016.
 
This report is made solely to the Company’s Directors, as a body, in accordance with our MSA release order. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's Directors as a body, for our examination, for this report, or for the opinions we have formed.
 
Our work has been undertaken so that we might report to the Directors those matters that we have agreed to state to them in this report and for no other purpose. Our report must not be recited or referred to in whole or in part in any other document nor made available, copied or recited to any other party, in any circumstances, without our express prior written permission. This engagement is separate to, and distinct from, our appointment as the auditors to the Company.
 
Respective responsibilities of the Company and Ernst & Young LLP
As Directors of the Company you are responsible for the preparation of the consolidated report in accordance with the Regulations, the requirements of which has been set out in basis of preparation of the consolidated report. The Directors of the Company remain solely responsible for contents of the consolidated report. It is our responsibility to provide a conclusion on the consolidated report based on our examination.
 
Our approach
We conducted our engagement in accordance with International Standard on Assurance Engagements (ISAE) 3000 (Revised) Assurance engagements other than audits or reviews of historical financial information issued by the International Federation of Accountants (IFAC). For the purpose of the engagement we have been provided by the Directors with the consolidated report.
 
In performing this engagement, we have applied International Standard on Quality Control (ISQC) 1 and the independence and other ethical requirements of the International Ethics Standards Board for Accountants (IESBA).
 
We have performed the procedures agreed with you and set out in our MSA release order:
 
a)
enquiries of management to understand and evaluate the appropriateness of methods and reporting policies implemented across the Company to comply with the Regulations;
b)
observation of processes performed and inspection of documents used to gather quantitative and qualitative information disclosed in the consolidated report;
c)
based on our understanding, using analytical procedures to identify and discuss any unusual payments in the schedule; and
d)
reconciling the underlying accounting records to the consolidated report.
 
The objective of a limited assurance engagement is to perform such procedures as to obtain information and explanations in order to provide us with sufficient appropriate evidence to express a negative conclusion on the consolidated report. The procedures performed in a limited assurance engagement vary in nature and timing from, and are less in extent than for, a reasonable assurance engagement. Consequently the level of assurance obtained in a limited assurance engagement is substantially lower than the assurance that would have been obtained had a reasonable assurance engagement been performed.
 
Inherent limitations
Our conclusion is based on historical information and the projection of any information or conclusions in the attached report to any future periods would be inappropriate. Our examination excludes audit procedures such as verification of all assets, liabilities and transactions and is substantially less in scope than an audit performed in accordance with International Standards on Auditing (UK and Ireland) and therefore provides a lower level of assurance than an audit. Accordingly we do not express an audit opinion on the information.
 
 
Top of page 28
Conclusion
Based on the procedures performed and evidence obtained, nothing has come to our attention that causes us to believe that the accompanying consolidated report has not been appropriately prepared in all material respects, in conformity with the requirements of the Regulations.
 
 
 
 
Ernst & Young LLP
London, United Kingdom
 
27 June 2017
 
Notes:
1. The maintenance and integrity of the BP p.l.c. web site is the responsibility of the directors; the work carried out by us does not involve consideration of these matters and, accordingly, we accept no responsibility for any changes that may have occurred to the consolidated report since it was initially presented on the web site.
2. Legislation in the United Kingdom governing the preparation and dissemination of the consolidated report may differ from legislation in other jurisdictions.
 
 
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OTHER RESOURCES
 
PAYMENTS TO GOVERNMENTS
 
 
Detailed data filed with UK Registrar - extractives.companieshouse.gov.uk/
 
 
EITI – Extractive Industries Transparency Initiative – eiti.org/
 
 
BP ANNUAL AND SUSTAINABILITY REPORTING
 
 
BP Sustainability Report – bp.com/sustainability
 
 
BP Annual Report and Form 20-F – bp.com/annualreport
 
 
BP in Angola Sustainability Report – bp.com/angola
 
 
BP in Azerbaijan Sustainability Report – bp.com/azerbaijan
 
 
BP’s contribution to Australia - bp.com/bp-contribution-australia
 
 
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
+44 (0)20 7496 4708
Brett Clanton
+1 281 366 8346
 
 
 
 
Exhibit 1.4
 
BP p.l.c.
 
Total voting rights and share capital
 
As at 30 June 2017, the issued share capital of BP p.l.c. comprised 19,751,491,901 ordinary shares (excluding treasury shares) par value US$0.25 per share, each with one vote; and 12,706,252 preference shares par value £1 per share with two votes for every £5 in nominal capital held.
 
The number of ordinary shares which have been bought back and are held in treasury by BP p.l.c. is 1,483,428,207. These treasury shares are not taken into consideration in relation to the payment of dividends and voting at shareholder meetings.
 
The total number of voting rights in BP p.l.c. is 19,756,574,401. This information may be used by shareholders for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, BP p.l.c. under the FCA's Disclosure Guidance and Transparency Rules.
 
This announcement is made in accordance with the requirements of Disclosure Guidance and Transparency Rule 5.6.
 
 
 
 
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: 07 July 2017
 
 
/s/ J. BERTELSEN
 
------------------------
 
J. BERTELSEN
 
Deputy Company Secretary