Annual F&OI

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We aim to create long-term value for shareholders by helping to meet growing demand for energy in a responsible way

Our projects and operations help to generate employment, investment and tax revenues in countries and communities around the world. We strive to be a world-class operator, a responsible corporate citizen and a good employer. We operate or have interests in around 80 countries and employ more than 80,000 people, mostly in Europe and the US.

Financial and Operating Information 2009-2013

BP adopted several new and amended standards issued by the IASB with effect from 1 January 2013. This included the new standard IFRS 11 'Joint arrangements'. Further details can be found on page 1 of the F&OI.

To the greatest extent possible, the information in this document has been presented on the basis that BP will report its financial information in 2014, in accordance with the accounting policies expected to be used in preparing BP Annual Report and Form 20-F 2014. These accounting policies do not differ significantly from those used in the BP Annual Report and Form 20-F 2013.

Cautionary statement

BP Financial and Operating Information 2009-2013 contains certain forward-looking statements – that is, statements related to future, not past events – 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. These statements may generally, but not always, be identified by the use of words such as ‘will’, ‘expects’, ‘is expected to’, ‘aims’, ‘should’, ‘may’, ‘objective’, ‘is likely to’, ‘intends’, ‘believes’, ‘anticipates’, ‘plans’, ‘we see’ or similar expressions, in particular, statements regarding the expected expiry date of the Abu Dhabi offshore concession and plans to focus on optimizing performance at BP’s existing wind farms are forward looking in nature. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will or may occur in the future and are outside the control of BP. Actual results may differ materially from those expressed in such statements, depending on a variety of factors, including the receipt of relevant third party and/or government approvals; the timing of bringing new fields onstream; the timing of certain disposals; future levels of industry product supply, demand and pricing, including supply growth in North America; OPEC quota restrictions; PSA effects; operational problems; general economic conditions; political stability and economic growth in relevant areas of the world; changes in laws and governmental regulations; regulatory or legal actions including the types of enforcement action pursued and the nature of remedies sought; the actions of prosecutors, regulatory authorities and courts; the actions of the claims administrator appointed under the Economic and Property Damages Settlement; the actions of all parties to the Deepwater Horizon oil spill-related litigation at various phases of the litigation; exchange rate fluctuations; development and use of new technology; the success or otherwise of partnering; the actions of competitors; the actions of contractors; natural disasters and adverse weather conditions; changes in public expectations and other changes to business conditions; wars and acts of terrorism, cyber-attacks or sabotage; and other factors discussed in the BP Annual Report and Form 20-F 2013 filed with the US Securities and Exchange Commission (SEC), including under ‘Risk factors’ on pages 51-55 therein (the 20-F risk factors). In addition to factors set forth in the 20-F risk factors, those set out above are important factors, although not exhaustive, that may cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. For more information you should refer to the BP Annual Report and Form 20-F 2013 filed with the SEC.


Statements regarding competitive position

Statements referring to BP’s competitive position are based on the company’s belief and, in some cases, rely on a range of sources, including investment analysts’ reports, independent market studies and BP’s internal assessments of market share based on publicly available information about the financial results and performance of market participants.

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