BP p.l.c. / Report on Payments to Govts Part 1 of 1
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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
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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.
Taxes
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.
Royalties
These may be paid in cash or in kind (valued in the same way as
production entitlements).
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 2023, 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. 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 |
Fee s |
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 |
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