First quarter 2008 results
Release date: 29 April 2008
Download the full version of the results using the link below.
A webcast presentation, hosted by Byron Grote, Chief Financial Officer, and Fergus MacLeod, Head of Investor Relations. The presentation will discussed BP's first quarter 2008 results, and was followed by a question and answer session.
Forward-Looking Statements Cautionary Statement:
This presentation and the associated slides and discussion contain forward-looking statements, particularly those regarding annual charges, improvements in operating performance and stronger financial delivery, effective tax rate, expected restoration of refinery economic capability, delivery of headcount reduction, production growth and likely negative effects of production sharing agreements, impact of planned upstream turnarounds on volumes and costs, refining margins and expected pressures on marketing businesses. 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. Actual results may differ from those expressed in such statements, depending on a variety of factors, including the timing of bringing new fields on stream; future levels of industry product supply; demand and pricing; operational problems; general economic conditions; political stability and economic growth in relevant areas of the world; changes in laws and governmental regulations; exchange rate fluctuations; development and use of new technology; the success or otherwise of partnering, changes in public expectations and other changes in business conditions; the actions of competitors; natural disasters and adverse weather conditions; wars and acts of terrorism or sabotage; and other factors discussed elsewhere in this presentation.
Reconciliations to GAAP:
This presentation also contains financial information which is not presented in accordance with generally accepted accounting principles (GAAP). A quantitative reconciliation of this information to the most directly comparable financial measure calculated and presented in accordance with GAAP can be found on our website at www.bp.com
Cautionary Note to US Investors:
The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this presentation, such as “resources” and “non-proved reserves”, that the SEC’s guidelines strictly prohibit us from including in our filings with the SEC. U.S. investors are urged to consider closely the disclosures in our Form 20-F, SEC File No. 1-06262, available from us at 1 St James’s Square, London SW1Y 4PD. You can also obtain this form from the SEC by calling 1-800-SEC-0330.
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