CEO Succession corrected date

BP PLC
12 January 2007


The following replaces the CEO Succession Plan anncounement released today at
16:10 under RNS number 4713P.  
Lord Browne has decided to retire as chief executive at the end of July 2007,
and not June 2007 as previously stated. 
And, Tony Hayward will be succeeding Lord Browne from August 1, 2007, and not
July 1, 2007 as previously stated. All other details remain unchanged, and the
full replacement annoncement appears below.


January 12, 2007


                    BP ANNOUNCES LORD BROWNE SUCCESSION PLAN

BP announced today that after more than a decade in the CEO role Lord Browne has
decided to retire as chief executive at the end of July 2007.

The board is pleased to announce that Tony Hayward, currently BP's head of
exploration and production, will succeed Lord Browne following his retirement as
group chief executive.

Peter Sutherland, BP's chairman, said: 'John Browne is the greatest British
businessman of his generation and has transformed BP into one of the biggest
energy groups in the world. His performance over the past 12 years has been
extraordinary, which is no doubt why he has constantly been named by his fellow
CEOs as the most impressive businessman in Britain. His vision, intellect,
leadership and skill have been a wonder to behold and he will be a difficult act
to follow.

'Last summer, John and I had agreed that he would stay as CEO until the end of
2008. John decided that it would be in the company's interest to name a
successor now in order to provide an orderly transition. Having made that
decision, which the board fully supports, we came to the conclusion that a six
month handover would be more appropriate than 18 months.

'It is a testament to John's managerial skill that BP is blessed with having
such an impressive managerial top bench to choose from and John and I are
delighted to be able to announce that Tony Hayward will be succeeding him from
August 1, 2007. Tony has an excellent track record and extensive knowledge of
the sector and will be able to draw on John's wealth of knowledge over the next
six months.'

During Lord Browne's tenure as the chief executive of BP he has presided over a
fivefold increase in the company's market capitalisation to £104.6 billion and
profits to $22.3 billion; while the share price has gone up around 250 per cent
to 532 pence and earnings per share have gone up over 600 per cent.

Lord Browne said: 'It has been a privilege to have had the opportunity to turn
BP into an international company at the forefront of the energy industry. We
clearly have important issues still to deal with which I am determined to
address. I am pleased that Peter and I have been able to work together to
develop a successor in Tony in whom I have every confidence.'

                                    - ENDS -



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