Global Indicator Margin | Investors

This page sets out how BP calculates its Global Indicator Margin (GIM)

GIMs are simplified regional refining margin indicators based upon a generic refinery configuration, simplified product yields and a single "marker" crude oil deemed appropriate for the region (e.g. Brent for Europe, WTS for the USGC and ANS for the USWC).


Regional GIM Descriptions
Region	Crude	Refinery	Gasoline	Gasoil	Jet	Other	Costs

USGC	WTS	Coking	64.4%	17.3%	10.7%	11.8%	Variable operating & all fuel
USWC	ANS	Coking	54.0%	26.6%	8.2%	15.7%	Variable operating & all fuel
USMW	WTI	Coking	67.4%	16.5%	11.0%	9.5%	Variable operating & all fuel
NWE	Brent	Cracking	36.4%	33.0%	11.8%	13.0%	Variable operating costs
Med	EsSider	Cracking	31.2%	33.5%	12.4%	18.1%	Variable operating costs
Singapore	Dubai	Hydrocracking	11.1%	24.4%	32.8%	28.3%	Variable operating costs

Notes: All upgraded refinery configurations have an inherent volume increase before accounting for refinery fuel US convention is to deduct refinery fuel as a cash cost Non-US refining convention is to show refinery yields net of refinery fuel usage


BP GIM 100% Throughput Regional Weightings (2009)
	USGC	USWC	USMW	NWE	Med	S'pore

	18.4%	19.8%	17.6%	28.5%	3.8%	12.0%

Key:
USMW = United States Mid West
USGC = United States Gulf Coast
USWC = United States West Coast
NWE = North West Europe
Med = Mediterranean
S'pore = Singapore

BP Trading Conditions Update - Global Indicator Margin (GIM)