Payments to Govts 2025 Part 1 of 1
Summary by AI BETAClose X
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM SD
SPECIALIZED DISCLOSURE REPORT
BP p.l.c.
(Exact name of registrant as specified in its charter)
England & Wales
(Jurisdiction of incorporation)
1-06262
Commission file number
Not Applicable
(IRS Employer Identification No.)
1 St James's Square, London SW1Y 4PD
United Kingdom
(Address of principal executive offices)
Kate Thomson
Tel +44 (0) 20 7496 4000
(Name and telephone number, including area code, of the person to contact in connection with this report)
Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:
☐Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2025.
xRule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2025.
Section 2-Resource Extraction Issuer Disclosure
Item 2.01 Resource Extraction Issuer Disclosure and Report
Disclosure of payments by resource extraction issuers.
The payment disclosure required by Item 2.01 of Form SD is included as Exhibit 2.01 hereto (the "Report"). The Report has been prepared in accordance with the United Kingdom's Reports on Payments to Governments Regulations 2014 (2014/3209), as amended by the Reports on Payments to Governments (Amendment) Regulations 2015 (2015/1928), (the "Regulations"). The Regulations are recognized by the United States Securities and Exchange Commission as an alternative reporting regime that satisfies the transparency objections of Section 13(q) under the Securities Exchange Act of 1934 for purposes of alternative reporting under Rule 13q-1(c) and paragraph (c) of Item 2.01 of Form SD. The Report has been delivered to the registrar of companies for England and Wales as required by the Regulations and is available on the Companies House website.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the authorized undersigned.
BP p.l.c.
(Registrant)
|
Dated: |
05 June 2026 |
|
/s/ KATE THOMSON |
|
|
|
|
Kate Thomson |
|
|
|
|
Chief Financial Officer |
Exhibit 2.01
BP p.l.c.
Report on Payments to Governments
Year ended 31 December 2025
Contents
|
Introduction |
2 |
|
Basis of preparation |
2 |
|
Payments overview |
5 |
|
Payments by country |
6 |
|
Angola |
6 |
|
Australia |
7 |
|
Azerbaijan |
8 |
|
Brazil |
9 |
|
Canada |
10 |
|
Egypt |
11 |
|
India |
12 |
|
Indonesia |
13 |
|
Iraq |
14 |
|
Libya |
15 |
|
Mauritania |
16 |
|
Oman |
17 |
|
Senegal |
18 |
|
Trinidad and Tobago |
19 |
|
United Arab Emirates |
20 |
|
United Kingdom |
21 |
|
United States |
22 |
|
Other resources |
23 |
Introduction
BP p.l.c. has prepared the following consolidated report ('the report') on payments to governments in accordance with the Reports on Payments to Governments Regulations 2014 (2014/3209), as amended by the Reports on Payments to Governments (Amendment) Regulations 2015 (2015/1928), (the 'Regulations'). The Report also addresses BP p.l.c.'s reporting obligations under DTR 4.3A of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. The Basis of preparation section contains information about the content of the Report, the types of payments included and the principles that have been applied in preparing the Report.
bp's wider contribution
bp makes a broader socioeconomic contribution to countries in which we operate in many different ways, beyond the payments that are required to be reported under the Regulations. bp makes payments to governments in connection with parts of our business other than extractive activities, which are outside the scope of the Regulations and therefore not included in this report. See Other resources on page 23 for links to other information on bp's reporting.
bp's position on revenue transparency
bp supports transparency in the flow of revenue from oil and gas activities to governments. This helps stakeholders hold public authorities to account for the way they use funds received through taxes and other agreements.
Basis of preparation
Under the Regulations, the directors of BP p.l.c. are required to prepare a consolidated report on payments made to governments for each financial year in relation to relevant activities of both BP p.l.c. and any of its subsidiary undertakings included in the consolidated group accounts. The term 'bp' is used interchangeably within this report to indicate BP p.l.c. or any subsidiary undertaking within the scope of the report.
Activities within the scope of the report
Payments made to governments that relate to bp's activities involving the exploration, prospection, discovery, development, and extraction of minerals, oil, natural gas deposits or other materials ('extractive activities') are included in this report.
Payments made to governments that relate to trading, export (pipelines), refining and processing, renewables projects and other activities that are not within the scope of extractive activities as defined by the Regulations are not included in this report.
Where a payment relates to activities that are reportable under the Regulations as well as to activities which are not reportable, bp reports the payment in its entirety if it is not possible to disaggregate it.
Government
Under the Regulations, a 'government' is defined as any national, regional or local authority of a country, and includes a department, agency or undertaking that is a subsidiary undertaking controlled by such an authority. In some countries, certain local indigenous organizations fall within this definition of government. Where this is the case, payments made to such organizations have been included in this report. Where a state-owned enterprise undertakes activities outside of its home jurisdiction, then it is not considered to be a government.
Cash basis
Payments are reported on a cash basis, meaning that they are reported in the period in which they are paid, as opposed to being reported on an accruals basis (which would mean that they were reported in the period for which the liabilities arise). Refunds are also reported in the period they are received by bp and are shown as negative amounts in the report. Where payments in kind are made to a government, they are valued, and footnotes are included to help explain the valuation method and any related volumes.
Reporting principles
The Regulations require payments to be reported where they are made to governments by BP p.l.c. and its subsidiary undertakings in respect of extractive activities. The Regulations also require the disclosure of payments to reflect the substance of each payment and the relevant activity or project concerned. In light of these requirements, bp has assessed its reporting obligations as follows:
• Where bp has made a payment to a government, such payment is reported in full, whether made in bp's sole capacity or in bp's capacity as the operator of a joint venture. Payments made to governments in connection with joint ventures are included in the report if, and to the extent that, bp makes the relevant payment. Typically, such circumstances will arise where bp is the operator of the joint venture. Payments made by an incorporated joint venture which is not a subsidiary of bp are not included within this report.
• In some instances, bp is a partner in unincorporated joint ventures where the role of operator is performed through a non-typical operatorship model, whereby multiple entities contribute to an unincorporated body which has the role of operator. In relation to such joint ventures, payments made by bp to the government are reported and payments for which bp has direct responsibility to the government, but which are paid on its behalf, are also reported.
• bp's equity-accounted investments for the financial year ended 31 December 2025 are not bp subsidiaries and therefore in accordance with the Regulations, payments made by such entities are not included in this report.
Project definition
The Regulations require payments to be reported by project (as a subcategory within a country). They define a 'project' as the operational activities which are governed by a single contract, licence, lease, concession or similar legal agreement, and form the basis for payment liabilities with a government. If these agreements are substantially interconnected, then they can be treated as a single project. Under the Regulations, 'substantially interconnected' means forming a set of operationally and geographically integrated contracts, licences, leases or concessions or related agreements with substantially similar terms that are signed with a government, giving rise to payment liabilities. These agreements may themselves be governed by a single contract, joint venture, production-sharing agreement, or other overarching legal agreement. Factors used to determine whether contracts or licences are operationally and geographically integrated may include their common management framework, proximity and use of common infrastructure. The number of projects will depend on the contractual arrangements within a country and not necessarily on the scale of activities. A project will only appear in this report where relevant payments occurred during the year in relation to that project.
The Regulations acknowledge that for some payments it may not be possible to attribute a payment to a single project and therefore such payments may be reported at the country level. For example, corporate income taxes, which are typically not levied at a project level.
Materiality threshold
The Regulations require that payments made as a single payment exceeding £86,000 or as part of a series of related payments within a financial year exceeding £86,000 be included in this report.
Reporting currency
All payments have been reported in US dollars. Payments made in currencies other than US dollars are typically translated at the exchange rate at the date of payment.
Payment types
The Regulations define a 'payment' as an amount paid whether in money or in kind, for relevant activities where the payment type is one of the following:
• Production entitlements
Under production sharing agreements (PSAs), the production is shared between the host government and the other parties to the PSA. The host government typically receives its share or entitlement in kind rather than being paid in cash. In this report, such production entitlement volumes to the government are reported on a lifting basis, i.e. when the government takes possession of its share of production. A market value is applied, usually using the valuation method from the relevant PSA. For joint ventures in which bp is the operator, government production entitlements are reported in their entirety, in accordance with the notes above. Where the national oil company (NOC) is also a partner in the joint venture, their production entitlement is reported in addition to the government share of production. The NOC's entitlement as a partner will include both their share of production as investor's return as well as their entitlement for the reimbursement of their costs.
• Taxes
This report includes taxes levied on income, production or profits and taxes withheld from dividends, royalties and interest received by bp. In addition, taxes paid on behalf of bp by the NOC out of production entitlements are reported. Taxes levied on consumption, personnel, sales and procurement (contractor's withholding taxes), property and environmental taxes, and customs and excise are not reportable under the Regulations.
• Royalties
These may be paid in cash or in kind (valued in the same way as production entitlements).
• Fees
In preparing this report, bp has included licence fees, rental fees, entry fees and all other payments that are paid in consideration for new and existing licences and/or concessions. Fees paid to governments for administrative services are excluded.
• Bonuses
Signature, discovery and production bonuses and other bonuses payable under licences or concession agreements are included in the report.
• Infrastructure improvements
Such payments include a road, or a building provided by bp that forms part of the fundamental facilities and systems serving a community or area. These payments are included in the report whether or not bp is contractually obliged to fund them and are reported when the relevant assets are handed over to the government or the local community.
• Dividends
These are dividends that are paid in lieu of production entitlements or royalties. Dividends paid by bp to a government as an ordinary shareholder are excluded. For the year ended 31 December 2025, there were no reportable dividend payments to a government.
• Other considerations
The payments shown in this report are rounded to the nearest $0.1 million. Due to rounding, some totals in the following tables may not agree exactly with the sum of their component parts. Amounts are shown to the nearest dollar in the data submitted and are available on the UK Companies House website.
Payments overview
The table below shows the relevant payments to governments made by bp in the year ended 31 December 2025, by country and payment type.
Of the seven payment types required by the Regulations, bp did not pay any relevant dividends and therefore the category is not shown.
$ million
|
Country |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
Angola |
|
0.3 |
|
|
|
|
0.3 |
|
Australia |
|
83.0 |
80.3 |
13.5 |
|
|
176.8 |
|
Azerbaijan |
9,117.9 |
427.9 |
|
2.1 |
450.2 |
|
9,998.1 |
|
Brazil |
|
|
|
0.4 |
|
|
0.4 |
|
Canada |
|
|
|
12.1 |
|
|
12.1 |
|
Egypt |
16.2 |
385.2 |
|
2.0 |
1.0 |
|
404.4 |
|
India |
118.1 |
82.8 |
|
|
|
|
201.0 |
|
Indonesia |
1,069.5 |
355.0 |
|
|
|
|
1,424.5 |
|
Iraq |
|
|
|
|
25.0 |
|
25.0 |
|
Libya |
|
|
|
0.9 |
|
|
0.9 |
|
Mauritania |
45.6 |
|
|
0.7 |
6.0 |
|
52.3 |
|
Oman |
2,198.2 |
683.3 |
|
2.0 |
|
|
2,883.6 |
|
Senegal |
22.0 |
|
|
0.3 |
|
6.2 |
28.6 |
|
Trinidad and Tobago |
|
353.1 |
|
4.5 |
|
|
357.6 |
|
United Arab Emirates |
|
4,189.8 |
|
6.4 |
|
|
4,196.2 |
|
United Kingdom |
|
1,040.8 |
|
8.7 |
|
|
1,049.5 |
|
United States |
|
269.7 |
1,110.3 |
13.9 |
12.3 |
|
1,406.1 |
|
Total |
12,587.5 |
7,870.8 |
1,190.6 |
67.4 |
494.4 |
6.2 |
22,217.1 |
Payments by country
Angola
$ million
|
Governments |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
Ministry of Finance |
|
0.3 |
|
|
|
|
0.3 |
|
Total |
|
0.3 |
|
|
|
|
0.3 |
|
Projects |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
Payments not attributable to projects |
|
0.3 |
|
|
|
|
0.3 |
|
Total |
|
0.3 |
|
|
|
|
0.3 |
Australia
$ million
|
Governments |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
Australian Taxation Office |
|
83.0 |
|
6.4 |
|
|
89.3 |
|
Department for Energy and Mining |
|
|
|
6.4 |
|
|
6.4 |
|
Department of Finance |
|
|
|
0.7 |
|
|
0.7 |
|
Department of Mines, Industry Regulation and Safety |
|
|
80.3 |
|
|
|
80.3 |
|
Total |
|
83.0 |
80.3 |
13.5 |
|
|
176.8 |
|
Projects |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
North West Shelf |
|
83.0 |
80.3 |
13.5 |
|
|
176.8 |
|
Total |
|
83.0 |
80.3 |
13.5 |
|
|
176.8 |
Azerbaijan
$ million
|
Governments |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
Azerbaijan (ACG) Ltd. (SOCAR subsidiary)a |
1,122.7 |
|
|
|
|
|
1,122.7 |
|
Ministry of Taxesb |
|
427.9 |
|
|
|
|
427.9 |
|
SGC Upstream LLCc |
1,132.6 |
|
|
|
|
|
1,132.6 |
|
State Oil Company of Azerbaijan Republic (SOCAR)d |
268.0 |
|
|
|
|
|
268.0 |
|
State Oil Fund of Azerbaijan (SOFAZ)e |
6,594.5 |
|
|
2.1 |
450.2 |
|
7,046.8 |
|
Total |
9,117.9 |
427.9 |
|
2.1 |
450.2 |
|
9,998.1 |
|
Projects |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
Azeri-Chirag-Deepwater Gunashli - PSAf |
6,136.6 |
38.1 |
|
|
450.0 |
|
6,624.7 |
|
Shafag-Asiman - PSA |
|
|
|
2.1 |
|
|
2.1 |
|
Shah Deniz - PSAg,h |
2,981.2 |
389.8 |
|
|
0.2 |
|
3,371.2 |
|
Total |
9,117.9 |
427.9 |
|
2.1 |
450.2 |
|
9,998.1 |
|
a |
Payments in kind for 16.7 million barrels of crude oil valued at netback value per the production sharing agreement. |
|
b |
Includes $389.8 million of taxes settled by SOCAR on bp's behalf, out of entitlement, pursuant to the relevant agreements. |
|
c |
Includes payments in kind of $251.2 million for 3.9 million barrels of crude oil valued at netback value per the production sharing agreement and the remaining production entitlement was paid in cash. |
|
d |
Payments in kind for 2.9 billion cubic metres of associated residue natural gas valued on the basis of gas prices realized in a similar Azerbaijan project. |
|
e |
Includes payments in kind of $5,171.5 million for 76.8 million barrels of crude oil valued at netback value per the production sharing agreement and the remaining production entitlement was paid in cash. |
|
f |
Includes payments in kind of $5,868.7 million for 86.9 million barrels of crude oil valued at netback value per the production sharing agreement and payments in kind of $268.0 million for 2.9 billion cubic metres of associated residue natural gas valued on the basis of gas prices realized in a similar Azerbaijan project. |
|
g |
Includes payments in kind of $676.8 million for 10.5 million barrels of crude oil valued at netback value per the production sharing agreement and the remaining production entitlement was paid in cash. |
|
h |
Pursuant to the relevant agreements, SOCAR paid these taxes on bp's behalf out of revenue entitlements. |
Brazil
$ million
|
Governments |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
Petrobras |
|
|
|
0.4 |
|
|
0.4 |
|
Total |
|
|
|
0.4 |
|
|
0.4 |
|
Projects |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
CM-477 |
|
|
|
0.4 |
|
|
0.4 |
|
Total |
|
|
|
0.4 |
|
|
0.4 |
Canada
$ million
|
Governments |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
Canada Newfoundland and Labrador Offshore Energy Regulator |
|
|
|
11.4 |
|
|
11.4 |
|
Government of The Province of Alberta |
|
|
|
0.4 |
|
|
0.4 |
|
Natural Resources Canada |
|
|
|
0.2 |
|
|
0.2 |
|
Total |
|
|
|
12.1 |
|
|
12.1 |
|
Projects |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
Newfoundland Exploration |
|
|
|
11.6 |
|
|
11.6 |
|
Terre De Grace |
|
|
|
0.4 |
|
|
0.4 |
|
Total |
|
|
|
12.1 |
|
|
12.1 |
Egypt
$ million
|
Governments |
Production entitlements |
Taxesa |
Royalties |
Fees |
Bonuses |
Production improvements |
Total |
|
Egyptian General Petroleum |
|
|
|
2.0 |
|
|
2.0 |
|
Egyptian Natural Gas Holdinga,b |
16.2 |
|
|
|
1.0 |
|
17.2 |
|
Egyptian Tax Authority |
|
385.2 |
|
|
|
|
385.2 |
|
Total |
16.2 |
385.2 |
|
2.0 |
1.0 |
|
404.4 |
|
Projects |
Production entitlements |
Taxesa |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
Baltima |
|
18.5 |
|
|
|
|
18.5 |
|
East Portsaid |
|
|
|
|
1.0 |
|
1.0 |
|
El Qaraaa |
|
11.9 |
|
|
|
|
11.9 |
|
North Alexandria / West Mediterranean Deep Watera |
|
33.1 |
|
|
|
|
33.1 |
|
North North Damiettaa |
|
199.7 |
|
|
|
|
199.7 |
|
North El Hammad Offshorea |
|
43.3 |
|
|
|
|
43.3 |
|
Ras El Bara,b |
16.2 |
19.2 |
|
|
|
|
35.5 |
|
Temsaha |
|
1.1 |
|
|
|
|
1.1 |
|
UGDC |
|
0.8 |
|
|
|
|
0.8 |
|
West Nile Delta |
|
|
|
2.0 |
|
|
2.0 |
|
Zohra |
|
57.4 |
|
|
|
|
57.4 |
|
Total |
16.2 |
385.2 |
|
2.0 |
1.0 |
|
404.4 |
|
a |
Pursuant to the relevant agreements, Egypt General Petroleum Corporation paid these taxes on bp's behalf out of production entitlement. |
|
b |
Includes payments in kind of $16.2 million for 0.9 million barrels of crude oil valued as net payable provision estimate per the production sharing agreement. |
India
$ million
|
Governments |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
Income Tax Department |
|
82.8 |
|
|
|
|
82.8 |
|
Ministry of Petroleum and Natural Gas |
118.1 |
|
|
|
|
|
118.1 |
|
Total |
118.1 |
82.8 |
|
|
|
|
201.0 |
|
Projects |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
KG D6 KG-DWN-98/3 |
118.1 |
|
|
|
|
|
118.1 |
|
Payments not attributable to projects |
|
82.8 |
|
|
|
|
82.8 |
|
Total |
118.1 |
82.8 |
|
|
|
|
201.0 |
Indonesia
$ million
|
Governments |
Production entitlementsa |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
Ministry of Financea |
1,069.5 |
355.0 |
|
|
|
|
1,424.5 |
|
Total |
1,069.5 |
355.0 |
|
|
|
|
1,424.5 |
|
Projects |
Production entitlementsa |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
Tangguha |
1,069.5 |
355.0 |
|
|
|
|
1,424.5 |
|
Total |
1,069.5 |
355.0 |
|
|
|
|
1,424.5 |
|
a |
Includes payments in kind of $97.2 million for 1.6 million barrels of condensates valued per the production sharing agreement. The remaining production entitlement for LNG was paid in cash. |
Iraq
$ million
|
Governments |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
North Oil Company |
|
|
|
|
25.0 |
|
25.0 |
|
Total |
|
|
|
|
25.0 |
|
25.0 |
|
Projects |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
Kirkuk |
|
|
|
|
25.0 |
|
25.0 |
|
Total |
|
|
|
|
25.0 |
|
25.0 |
Libya
$ million
|
Governments |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
National Oil Corporation |
|
|
|
0.9 |
|
|
0.9 |
|
Total |
|
|
|
0.9 |
|
|
0.9 |
|
Projects |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
Payments not attributable to projects |
|
|
|
0.9 |
|
|
0.9 |
|
Total |
|
|
|
0.9 |
|
|
0.9 |
Mauritania
$ million
|
Governments |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
Ministry of Petroleum, Energy and Mines |
|
|
|
0.7 |
6.0 |
|
6.7 |
|
Republique Islamique de Mauritanie a |
25.1 |
|
|
|
|
|
25.1 |
|
Société Mauritanienne des Hydrocarbures |
20.4 |
|
|
|
|
|
20.4 |
|
Total |
45.6 |
|
|
0.7 |
6.0 |
|
52.3 |
|
Projects |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
Block C8 |
45.6 |
|
|
0.7 |
6.0 |
|
52.3 |
|
Total |
45.6 |
|
|
0.7 |
6.0 |
|
52.3 |
|
a |
Comprises payments in kind of $25.1 million: for $2.8 million for 0.05 million barrels of condensate and $22.3 million for 3.6 million mmBtu of gas, both valued as per the Sales Purchase Agreement (SPA), In addition $20.4 million was paid in cash. |
|
|
|
Oman
$ million
|
Governments |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
Makarim Gas Developmenta |
530.0 |
|
|
|
|
|
530.0 |
|
Ministry of Energy and Mineralsb |
1,668.3 |
|
|
0.4 |
|
|
1,668.7 |
|
Ministry of Labour |
|
|
|
1.6 |
|
|
1.6 |
|
Oman Tax Authorityc |
|
683.3 |
|
|
|
|
683.3 |
|
Total |
2,198.2 |
683.3 |
|
2.0 |
|
|
2,883.6 |
|
Projects |
Production entitlements a,b |
Taxesc |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
Khazzan |
2,198.2 |
683.3 |
|
2.0 |
|
|
2,883.6 |
|
Total |
2,198.2 |
683.3 |
|
2.0 |
|
|
2,883.6 |
|
a |
Comprises payments in kind of $177.5 million for 2.49 million barrels of condensates valued at market prices, $352.2 million for 98.01 million mmBtu of gas valued per the Gas Sales Agreement and $0.27 million was paid in cash. |
|
b |
Comprises payments in kind of $781.2 million for 11.02 million barrels of condensates valued at market prices, 886.02 million for 246.5 million mmBtu of gas valued per the Gas Sales Agreement and $1.1 million was paid in cash. |
|
c |
Pursuant to the relevant agreements, the Ministry of Oil and Gas paid $683.3 million of taxes on bp's behalf out of their production entitlement. |
|
|
|
Senegal
$ million
|
Governments |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
Ministry of Fisheries and Maritime Economy |
|
|
|
|
|
5.4 |
5.4 |
|
Municipality of St Louis |
|
|
|
|
|
0.8 |
0.8 |
|
Republique du Senegal |
18.3 |
|
|
|
|
|
18.3 |
|
Société des pétroles du Sénégal |
3.7 |
|
|
0.3 |
|
|
4.0 |
|
Total |
22.0 |
|
|
0.3 |
|
6.2 |
28.6 |
|
Projects |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
Block St Louis Profond |
22.0 |
|
|
0.3 |
|
|
22.3 |
|
Payments not attributable to projects |
|
|
|
|
|
6.2 |
6.2 |
|
Total |
22.0 |
|
|
0.3 |
|
6.2 |
28.6 |
Trinidad and Tobago
$ million
|
Governments |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
Board of Inland Revenue |
|
79.4 |
|
|
|
|
79.4 |
|
Ministry of Energy and Energy Industriesa |
|
273.7 |
|
4.5 |
|
|
278.2 |
|
Total |
|
353.1 |
|
4.5 |
|
|
357.6 |
|
Projects |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
Block 25A |
|
|
|
1.0 |
|
|
1.0 |
|
Block 25B |
|
|
|
0.2 |
|
|
0.2 |
|
Block 5B |
|
|
|
2.1 |
|
|
2.1 |
|
Block NCMA2 |
|
|
|
1.2 |
|
|
1.2 |
|
BPTT Blocksa |
|
353.1 |
|
|
|
|
353.1 |
|
Total |
|
353.1 |
|
4.5 |
|
|
357.6 |
|
a |
Includes Royalty payments of $248.2 million. |
|
|
|
United Arab Emirates
$ million
|
Governments |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
Abu Dhabi National Oil Company |
|
|
|
6.4 |
|
|
6.4 |
|
Department of Finance Abu Dhabi |
|
4,189.8 |
|
|
|
|
4,189.8 |
|
Total |
|
4,189.8 |
|
6.4 |
|
|
4,196.2 |
|
Projects |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
ADCO Concession (Onshore) |
|
4,189.8 |
|
6.4 |
|
|
4,196.2 |
|
Total |
|
4,189.8 |
|
6.4 |
|
|
4,196.2 |
United Kingdom
$ million
|
Governments |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
HM Revenue and Customsa,b |
|
1,040.8 |
|
|
|
|
1,040.8 |
|
Oil and Gas Authority |
|
|
|
8.3 |
|
|
8.3 |
|
The Crown Estate |
|
|
|
0.4 |
|
|
0.4 |
|
Total |
|
1,040.8 |
|
8.7 |
|
|
1,049.5 |
|
Projects |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
Andrew |
|
|
|
0.5 |
|
|
0.5 |
|
Clair |
|
|
|
0.5 |
|
|
0.5 |
|
Decommissioninga |
|
(9.9) |
|
0.3 |
|
|
(9.7) |
|
ETAP |
|
|
|
1.7 |
|
|
1.7 |
|
Exploration |
|
|
|
0.2 |
|
|
0.2 |
|
Foinaven |
|
|
|
2.4 |
|
|
2.4 |
|
Murlach |
|
|
|
0.5 |
|
|
0.5 |
|
Non-Operateda |
|
(0.4) |
|
0.7 |
|
|
0.3 |
|
Pipelines |
|
|
|
0.4 |
|
|
0.4 |
|
Schiehallion |
|
|
|
1.1 |
|
|
1.1 |
|
Seagull |
|
|
|
0.5 |
|
|
0.5 |
|
Payments not attributable to projectsb |
|
1,051.1 |
|
|
|
|
1,051.1 |
|
Total |
|
1,040.8 |
|
8.7 |
|
|
1,049.5 |
|
a |
Net refunds result from the carry back of tax losses, resulting in a refund of taxes paid in prior years. |
|
b |
Settlement of UK Direct Taxes which include interest over/under payments. |
United States
$ million
|
Governments |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
IRSa |
|
30.0 |
|
|
|
|
30.0 |
|
Office of Natural Revenue/Department Interior |
|
|
958.5 |
12.5 |
12.3 |
|
983.3 |
|
State of Colorado |
|
(0.2) |
|
|
|
|
(0.2) |
|
State of Louisianab |
|
35.6 |
12.3 |
|
|
|
47.9 |
|
State of New Mexico |
|
(2.2) |
|
|
|
|
(2.2) |
|
State of Texas |
|
206.4 |
139.5 |
1.4 |
|
|
347.3 |
|
Total |
|
269.7 |
1,110.3 |
13.9 |
12.3 |
|
1,406.1 |
|
Projects |
Production entitlements |
Taxes |
Royalties |
Fees |
Bonuses |
Infrastructure improvements |
Total |
|
Colorado |
|
(0.2) |
|
|
|
|
(0.2) |
|
Gulf of America - Central |
|
|
914.7 |
12.5 |
12.3 |
|
939.5 |
|
Gulf of America - Western |
|
|
42.1 |
|
|
|
42.1 |
|
Louisianab |
|
35.6 |
13.9 |
|
|
|
49.5 |
|
New Mexico |
|
(2.2) |
|
|
|
|
(2.2) |
|
Texas |
|
206.4 |
139.5 |
1.4 |
|
|
347.3 |
|
Payments not attributable to projectsa |
|
30.0 |
|
|
|
|
30.0 |
|
Total |
|
269.7 |
1,110.3 |
13.9 |
12.3 |
|
1,406.1 |
|
a |
Net refunds result from the carry back of tax losses, resulting in a refund of taxes paid in prior years. |
|
b |
Payments to states where bp has no extractive activities relate to escheatment of Royalties. |
Other resources
Detailed data associated with the Payments to Governments Report, filed with UK Registrar
extractives.companieshouse.gov.uk
Other reports
bp.com/annualreport
bp.com/tax
bp Economic Impact Reports
bp.com/USImpactReport
bp.com/uk/eir
Contacts
|
|
London |
Houston |
|
|
|
|
|
Press Office |
Rita Brown |
Paul Takahashi |
|
|
+44 (0) 7787 685821 |
+1 713 903 9729 |
|
Payment |
Amount |
Type |
Country |
Government |
Extraction Method |
Resource |
Project |
In kind Y/N |
In Kind |
|
1 |
0.3 |
Tax |
Angola |
Ministry of Finance |
Well |
Crude Oil |
Payments not attributable to projects |
|
|
|
2 |
6.4 |
Fees |
Australia |
AUSTRALIAN TAXATION OFFICE |
Well |
Crude Oil |
North West Shelf |
|
|
|
3 |
6.4 |
Fees |
Australia |
DEPARTMENT FOR ENERGY AND MINING |
Well |
Crude Oil |
North West Shelf |
|
|
|
4 |
0.7 |
Fees |
Australia |
Department of Finance |
Well |
Crude Oil |
North West Shelf |
|
|
|
5 |
80.3 |
Royalties |
Australia |
Department of Mines, Industry Regulation and Safety |
Well |
Crude Oil |
North West Shelf |
|
|
|
6 |
83.0 |
Tax |
Australia |
AUSTRALIAN TAXATION OFFICE |
Well |
Crude Oil |
North West Shelf |
|
|
|
7 |
450.0 |
Bonuses |
Azerbaijan |
State Oil Fund of Azerbaijan (SOFAZ) |
Well |
Crude Oil |
Azeri-Chirag-Deepwater Guneshli - PSA |
|
|
|
8 |
0.2 |
Bonuses |
Azerbaijan |
State Oil Fund of Azerbaijan (SOFAZ) |
Well |
Crude Oil |
Shah Deniz - PSA |
|
|
|
9 |
2.1 |
Fees |
Azerbaijan |
State Oil Fund of Azerbaijan (SOFAZ) |
Well |
Crude Oil |
Shafag-Asiman PSA |
|
|
|
10 |
1,122.7 |
Production Entitlements |
Azerbaijan |
Azerbaijan (ACG) Ltd. (SOCAR subsidiary) |
Well |
Crude Oil |
Azeri-Chirag-Deepwater Guneshli - PSA |
Yes |
Includes payments in kind of $$1,123 million for 16.7 million barrels of crude oil valued at netback value per the production sharing agreement |
|
11 |
881.4 |
Production Entitlements |
Azerbaijan |
SGC Upstream LLC |
Well |
Crude Oil |
Shah Deniz - PSA |
|
|
|
12 |
251.2 |
Production Entitlements |
Azerbaijan |
SGC Upstream LLC |
Well |
Crude Oil |
Shah Deniz - PSA |
Yes |
Includes payments in kind of $251.2 million for 3.9 million barrels of crude oil valued at netback value per the production sharing agreement. |
|
13 |
268.0 |
Production Entitlements |
Azerbaijan |
State Oil Company of Azerbaijan Republic (SOCAR) |
Well |
Gas |
Azeri-Chirag-Deepwater Guneshli - PSA |
Yes |
Payments in kind of $268.0 million for 2.9 billion cubic metres of associated residue natural gas valued on the basis of gas prices realized in a similar Azerbaijan project. |
|
14 |
4,745.9 |
Production Entitlements |
Azerbaijan |
State Oil Fund of Azerbaijan (SOFAZ) |
Well |
Crude Oil |
Azeri-Chirag-Deepwater Guneshli - PSA |
Yes |
Includes payments in kind of $$4,745.9 million for 70.2 million barrels of crude oil valued at netback value per the production sharing agreement |
|
15 |
1,423.0 |
Production Entitlements |
Azerbaijan |
State Oil Fund of Azerbaijan (SOFAZ) |
Well |
Crude Oil |
Shah Deniz - PSA |
|
|
|
16 |
425.6 |
Production Entitlements |
Azerbaijan |
State Oil Fund of Azerbaijan (SOFAZ) |
Well |
Crude Oil |
Shah Deniz - PSA |
Yes |
Includes payments in kind of $425.6 million for 6.6 million barrels of crude oil valued at netback value per the production sharing agreement. |
|
17 |
38.1 |
Tax |
Azerbaijan |
Ministry of Taxes |
Well |
Crude Oil |
Azeri-Chirag-Deepwater Guneshli - PSA |
|
|
|
18 |
389.8 |
Tax |
Azerbaijan |
Ministry of Taxes |
Well |
Crude Oil |
Shah Deniz - PSA |
|
|
|
19 |
0.4 |
Fees |
Brazil |
Petrobras |
Well |
Crude Oil |
C-M-477 |
|
|
|
20 |
11.4 |
Fees |
Canada |
Canada Newfoundland and Labrador Offshore Energy Regulator |
Well |
Crude Oil |
Newfoundland Exploration |
|
|
|
21 |
0.4 |
Fees |
Canada |
Government of Alberta |
Well |
Crude Oil |
Terre De Grace |
|
|
|
22 |
0.2 |
Fees |
Canada |
Natural Resources Canada |
Well |
Crude Oil |
Newfoundland Exploration |
|
|
|
23 |
1.0 |
Bonuses |
Egypt |
Egyptian Natural Gas Holding |
Well |
Crude Oil |
East Portsaid |
|
|
|
24 |
2.0 |
Fees |
Egypt |
Egyptian General Petroleum |
Well |
Crude Oil |
West Nile Delta |
|
|
|
25 |
16.2 |
Production Entitlements |
Egypt |
Egyptian Natural Gas Holding |
Well |
Crude Oil |
Ras El Bar |
Yes |
Includes payments in kind of $16.2 million for 0.9 million barrels of crude oil valued as net payable provision estimate per the production sharing agreement. |
|
26 |
18.5 |
Tax |
Egypt |
Egyptian Tax Authority |
Well |
Crude Oil |
Baltim |
|
|
|
27 |
11.9 |
Tax |
Egypt |
Egyptian Tax Authority |
Well |
Crude Oil |
El Qaraa |
|
|
|
28 |
33.1 |
Tax |
Egypt |
Egyptian Tax Authority |
Well |
Crude Oil |
North Alexandria / West Mediterranean Deep Water |
|
|
|
29 |
199.7 |
Tax |
Egypt |
Egyptian Tax Authority |
Well |
Crude Oil |
North Damietta |
|
|
|
30 |
43.3 |
Tax |
Egypt |
Egyptian Tax Authority |
Well |
Crude Oil |
North El Hammad Offshore |
|
|
|
31 |
19.2 |
Tax |
Egypt |
Egyptian Tax Authority |
Well |
Crude Oil |
Ras El Bar |
|
|
|
32 |
1.1 |
Tax |
Egypt |
Egyptian Tax Authority |
Well |
Crude Oil |
Temsah |
|
|
|
33 |
0.8 |
Tax |
Egypt |
Egyptian Tax Authority |
Well |
Crude Oil |
UGDC |
|
|
|
34 |
57.4 |
Tax |
Egypt |
Egyptian Tax Authority |
Well |
Crude Oil |
Zohr |
|
|
|
35 |
118.1 |
Production Entitlements |
India |
Ministry of Petroleum & Natural Gas - Government of India |
Well |
Gas |
KG D6 KG-DWN-98/3 |
|
|
|
36 |
82.8 |
Tax |
India |
Income Tax Department |
Well |
Gas |
Payments not attributable to projects |
|
|
|
37 |
972.2 |
Production Entitlements |
Indonesia |
Ministry of Finance |
Well |
LNG |
Tangguh |
|
|
|
38 |
97.2 |
Production Entitlements |
Indonesia |
Ministry of Finance |
Well |
LNG |
Tangguh |
Yes |
Includes payments in kind of $97.2 million for 1.6 million barrels of condensates valued per the production sharing agreement. The remaining production entitlement for LNG was paid in cash. |
|
39 |
355.0 |
Tax |
Indonesia |
Ministry of Finance |
Well |
LNG |
Tangguh |
|
|
|
40 |
25.0 |
Bonuses |
Iraq |
North Oil Company |
Well |
Crude Oil |
Kirkuk |
|
|
|
41 |
0.9 |
Fees |
Libya |
NOC |
Well |
Crude Oil |
Payments not attributable to projects |
|
|
|
42 |
6.0 |
Bonuses |
Mauritania |
Ministry of Petroleum, Energy & Mines |
Well |
LNG |
Block C8 |
|
|
|
43 |
0.7 |
Fees |
Mauritania |
Ministry of Petroleum, Energy & Mines |
Well |
LNG |
Block C8 |
|
|
|
44 |
25.1 |
Production Entitlements |
Mauritania |
Republique Islamique de Mauritanie |
Well |
LNG |
Block C8 |
Yes |
Comprises payments in kind of $25.1 million: for $2.8 million for 0.05 million barrels of condensate and $22.3 million for 3.6 million mmBtu of gas, both valued as per the Sales Purchase Agreement (SPA), In addition $20.4 million was paid in cash |
|
45 |
20.4 |
Production Entitlements |
Mauritania |
Société Mauritanienne des Hydrocarbures |
Well |
LNG |
Block C8 |
|
|
|
46 |
0.4 |
Fees |
Oman |
Ministry of Enrage and Minerals (MEM) |
Well |
Gas |
Khazzan |
|
|
|
47 |
1.6 |
Fees |
Oman |
Ministry of Labour |
Well |
Gas |
Khazzan |
|
|
|
48 |
352.5 |
Production Entitlements |
Oman |
Makarim Gas Development (MGD) |
Well |
Gas |
Khazzan |
Yes |
Comprises $352.2 million for 98.01 million mmBtu of gas valued per the Gas Sales Agreement |
|
49 |
177.5 |
Production Entitlements |
Oman |
Makarim Gas Development (MGD) |
Well |
Gas |
Khazzan |
Yes |
Comprises payments in kind of $177.5 million for 2.49 million barrels of condensates valued at market prices, |
|
50 |
1.1 |
Production Entitlements |
Oman |
Ministry of Enrage and Minerals (MEM) |
Well |
Gas |
Khazzan |
|
|
|
51 |
1,667.2 |
Production Entitlements |
Oman |
Ministry of Enrage and Minerals (MEM) |
Well |
Gas |
Khazzan |
Yes |
Comprises payments in kind of $781.2 million for 11.02 million barrels of condensates valued at market prices, 886.02 million for 246.5 million mmBtu of gas valued per the Gas Sales Agreement and $1.1 million was paid in cash. |
|
52 |
683.3 |
Tax |
Oman |
Oman Tax Authority |
Well |
Gas |
Khazzan |
|
|
|
53 |
0.3 |
Fees |
Senegal |
Société des pétroles du Sénégal |
Well |
LNG |
Block St Louis Profond |
|
|
|
54 |
5.4 |
Infrastructure |
Senegal |
Ministry of Fisheries and Maritime Economy |
Well |
LNG |
Payments not attributable to projects |
|
|
|
55 |
0.8 |
Infrastructure |
Senegal |
Municipality of St Louis |
Well |
LNG |
Payments not attributable to projects |
|
|
|
56 |
18.3 |
Production Entitlements |
Senegal |
Republique du Senegal |
Well |
LNG |
Block St Louis Profond |
|
|
|
57 |
3.7 |
Production Entitlements |
Senegal |
Société des pétroles du Sénégal |
Well |
LNG |
Block St Louis Profond |
|
|
|
58 |
1.0 |
Fees |
Trinidad |
Ministry of Energy and Energy Industries |
Well |
LNG |
Block 25A |
|
|
|
59 |
0.2 |
Fees |
Trinidad |
Ministry of Energy and Energy Industries |
Well |
LNG |
Block 25B |
|
|
|
60 |
2.1 |
Fees |
Trinidad |
Ministry of Energy and Energy Industries |
Well |
LNG |
Block 5B |
|
|
|
61 |
1.2 |
Fees |
Trinidad |
Ministry of Energy and Energy Industries |
Well |
LNG |
Block NCMA2 |
|
|
|
63 |
79.4 |
Tax |
Trinidad |
Board of Inland Revenue |
Well |
LNG |
BPTT Blocks |
|
|
|
64 |
273.7 |
Tax |
Trinidad |
Ministry of Energy and Energy Industries |
Well |
LNG |
BPTT Blocks |
Yes |
Includes Royalty payments of $248.2 million. |
|
65 |
6.4 |
Fees |
United Arab Emirates |
Abu Dhabi National Oil Company |
Well |
Crude Oil |
ADCO Concession (Onshore) |
|
|
|
66 |
4,189.8 |
Tax |
United Arab Emirates |
Department of Finance Abu Dhabi |
Well |
Crude Oil |
ADCO Concession (Onshore) |
|
|
|
67 |
0.5 |
Fees |
United Kingdom |
OIL AND GAS AUTHORITY |
Well |
Crude Oil |
Andrew |
|
|
|
68 |
0.5 |
Fees |
United Kingdom |
OIL AND GAS AUTHORITY |
Well |
Crude Oil |
Clair |
|
|
|
69 |
0.3 |
Fees |
United Kingdom |
OIL AND GAS AUTHORITY |
Well |
Crude Oil |
Decommissioning |
|
|
|
70 |
1.7 |
Fees |
United Kingdom |
OIL AND GAS AUTHORITY |
Well |
Crude Oil |
ETAP |
|
|
|
71 |
0.2 |
Fees |
United Kingdom |
OIL AND GAS AUTHORITY |
Well |
Crude Oil |
Exploration |
|
|
|
72 |
2.4 |
Fees |
United Kingdom |
OIL AND GAS AUTHORITY |
Well |
Crude Oil |
Foinaven |
|
|
|
73 |
0.5 |
Fees |
United Kingdom |
OIL AND GAS AUTHORITY |
Well |
Crude Oil |
Murlach |
|
|
|
74 |
0.7 |
Fees |
United Kingdom |
OIL AND GAS AUTHORITY |
Well |
Crude Oil |
Non Operated |
|
|
|
75 |
1.1 |
Fees |
United Kingdom |
OIL AND GAS AUTHORITY |
Well |
Crude Oil |
Schiehallion |
|
|
|
76 |
0.5 |
Fees |
United Kingdom |
OIL AND GAS AUTHORITY |
Well |
Crude Oil |
Seagull |
|
|
|
77 |
0.4 |
Fees |
United Kingdom |
THE CROWN ESTATE |
Well |
Crude Oil |
Pipelines |
|
|
|
78 |
(9.9) |
Tax |
United Kingdom |
HMRC |
Well |
Crude Oil |
Decommissioning |
|
|
|
79 |
(0.4) |
Tax |
United Kingdom |
HMRC |
Well |
Crude Oil |
Non Operated |
|
|
|
80 |
1,051.1 |
Tax |
United Kingdom |
HMRC |
Well |
Crude Oil |
Payments not attributable to projects |
|
|
|
81 |
12.3 |
Bonuses |
USA |
Office of Natural Resources Revenue/Department of the Interior |
Well |
Crude Oil |
Gulf of America - Central |
|
|
|
82 |
12.5 |
Fees |
USA |
Office of Natural Resources Revenue/Department of the Interior |
Well |
Crude Oil |
Gulf of America - Central |
|
|
|
83 |
1.4 |
Fees |
USA |
State of Texas |
Well |
Crude Oil |
Texas |
|
|
|
84 |
914.7 |
Royalties |
USA |
Office of Natural Resources Revenue/Department of the Interior |
Well |
Crude Oil |
Gulf of America - Central |
|
|
|
85 |
42.1 |
Royalties |
USA |
Office of Natural Resources Revenue/Department of the Interior |
Well |
Crude Oil |
Gulf of America - Western |
|
|
|
86 |
1.7 |
Royalties |
USA |
Office of Natural Resources Revenue/Department of the Interior |
Well |
Crude Oil |
Louisiana |
|
|
|
87 |
12.3 |
Royalties |
USA |
State of Louisiana |
Well |
Crude Oil |
Louisiana |
|
|
|
88 |
139.5 |
Royalties |
USA |
State of Texas |
Well |
Crude Oil |
Texas |
|
|
|
89 |
30.0 |
Tax |
USA |
IRS |
Well |
Crude Oil |
Payments not attributable to projects |
|
|
|
90 |
(0.2) |
Tax |
USA |
State of Colorado |
Well |
Crude Oil |
Colorado |
|
|
|
91 |
35.6 |
Tax |
USA |
State of Louisiana |
Well |
Crude Oil |
Louisiana |
|
|
|
92 |
(2.2) |
Tax |
USA |
State of New Mexico |
Well |
Crude Oil |
New Mexico |
|
|
|
93 |
206.4 |
Tax |
USA |
State of Texas |
Well |
Crude Oil |
Texas |
|
|
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