BP made good progress this year. We worked to enhance safety and risk management. We continued to meet our commitments in the Gulf of Mexico. We sold assets and reduced complexity. And we focused investment on areas where we see higher margins.
Information for shareholders
The BP Annual Report and Form 20-F for the year ended 31 December 2012 contains the Directors’ Report, including the Business Review and Management Report, on pages 3-145 and 178. The Directors’ Remuneration Report is on pages 127-145. The consolidated financial statements of the group are on pages 177-287 and the corresponding reports of the auditor are on pages 179-181. The parent company financial statements of BP p.l.c. and corresponding auditor’s report are on pages PC1-PC11 and page PC1 respectively.
The BP Summary Review for the year ended 31 December 2012, which can be downloaded from this page, constitutes the summary financial statement (on pages on pages 25-29 and 31 and comprises summaries of the Directors’ Report and the Directors’ Remuneration Report and a summary of the information in the consolidated financial statements. The summary financial statement complies with the information required under the Companies (Summary Financial Statement) Regulations 2008. It does not contain sufficient information to allow as full an understanding of the results and the state of affairs of BP and of its policies and arrangements concerning directors’ remuneration as BP Annual Report and Form 20-F 2012. Shareholders may obtain a copy of BP Annual Report and Form 20-F 2012 on request, free of charge (see link above).
BP p.l.c. is the parent company of the BP group of companies. Unless otherwise stated, the text of BP Annual Report and Form 20-F 2012 and BP Summary Review 2012 does not distinguish between the activities and operations of the parent company and those of its subsidiaries.
The term ‘shareholders’ in BP Annual Report and Form 20-F 2012 and BP Summary Review 2012 means, unless the context otherwise requires, investors in the equity capital of BP p.l.c., both direct and/or indirect.
As BP shares, in the form of ADSs, are listed on the New York Stock Exchange (NYSE), the Annual Report and Form 20-F 2012 will be filed with the US Securities and Exchange Commission (SEC) in accordance with the US Securities Exchange Act of 1934. When filed, copies may be obtained, free of charge (see link above). BP discloses in its Annual Report and Form 20-F 2012 and on its website (see NYSE corporate governance rules) significant ways (if any) in which its corporate governance practices differ from those mandated for US companies under NYSE listing standards.
Legal notice in relation to the material on this page
The material on this BP Annual Reporting 2012 webpage (the Material) relates to the year ended 31 December 2012 and is provided for general information only. The Material does not (i) form part of the BP Annual Report and Form 20-F 2012 or the BP Summary Review 2012; or (ii) contain sufficient information to allow as full an understanding of the results and the state of affairs of BP and of its policies and arrangements concerning directors’ remuneration as BP Annual Report and Form 20-F 2012. As such this Material should not be relied upon or used as the basis for making voting or investment decisions without consulting the full BP Annual Report and Form 20-F 2012 and other more complete or up-to-date sources of information. Information relating to BP’s results for current and prior periods do not necessarily reflect future trends, nor do they provide indicators of results for like periods. This Material is not intended to be and shall not be deemed to be an invitation or inducement to invest in or otherwise deal in any securities of BP p.l.c. or in any other investment, nor to provide or constitute any advice or recommendation in connection with any investment decision, nor to constitute an offer to provide services in any jurisdiction in which BP p.l.c. is not permitted to do so under any applicable law or regulation.
The Material may contain certain forward-looking statements, forecasts or projections with respect to the financial condition, results of operations and businesses of BP and certain of the plans and objectives of BP with respect to these items. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that will or may occur in the future. Actual results may differ materially from those expressed in such statements depending on a variety of factors.
Please refer to the Cautionary statement on page 32 of the full BP Annual Report and Form 20-F 2012 for further information on forward-looking statements.