6-K
Bp PLC (BP)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
08 June, 2026
BP p.l.c.
(Translation of registrant's name into English)
1 ST JAMES'S SQUARE, LONDON, SW1Y 4PD, ENGLAND
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F |X| Form 40-F
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes No
|X|
| Exhibit<br>1.1 | Payments<br>to Govts 2025 Part 1 of 1 dated 08 June 2026 |
|---|
Exhibit 1.1

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<br>and Tobago | 19 |
| United<br>Arab Emirates | 20 |
| United<br>Kingdom | 21 |
| United<br>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 21 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<br>of Finance | 0.3 | 0.3 | |||||
| Total | 0.3 | 0.3 | |||||
| Projects | Production entitlements | Taxes | Royalties | Fees | Bonuses | Infrastructure improvements | Total |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Payments<br>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<br>Taxation Office | 83.0 | 6.4 | 89.3 | ||||
| Department<br>for Energy and Mining | 6.4 | 6.4 | |||||
| Department<br>of Finance | 0.7 | 0.7 | |||||
| Department<br>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<br>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<br>(ACG) Ltd. (SOCAR subsidiary)a | 1,122.7 | 1,122.7 | |||||
| Ministry<br>of Taxesb | 427.9 | 427.9 | |||||
| SGC<br>Upstream LLCc | 1,132.6 | 1,132.6 | |||||
| State<br>Oil Company of Azerbaijan Republic (SOCAR)d | 268.0 | 268.0 | |||||
| State<br>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<br>Gunashli – PSAf | 6,136.6 | 38.1 | 450.0 | 6,624.7 | |||
| Shafag-Asiman<br>– PSA | 2.1 | 2.1 | |||||
| Shah<br>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<br>netback value per the production sharing agreement. | ||||||
| --- | --- | ||||||
| b | Includes $389.8 million of taxes settled by SOCAR on bp’s<br>behalf, out of entitlement, pursuant to the relevant<br>agreements. | ||||||
| c | Includes payments in kind of $251.2 million for 3.9 million barrels<br>of crude oil valued at netback value per the production sharing<br>agreement and the remaining production entitlement was paid in<br>cash. | ||||||
| d | Payments in kind for 2.9 billion cubic metres of associated residue<br>natural gas valued on the basis of gas prices realized in a similar<br>Azerbaijan project. | ||||||
| e | Includes payments in kind of $5,171.5 million for 76.8 million<br>barrels of crude oil valued at netback value per the production<br>sharing agreement and the remaining production entitlement was paid<br>in cash. | ||||||
| f | Includes payments in kind of $5,868.7 million for 86.9 million<br>barrels of crude oil valued at netback value per the production<br>sharing agreement and payments in kind of $268.0 million for 2.9<br>billion cubic metres of associated residue natural gas valued on<br>the basis of gas prices realized in a similar Azerbaijan<br>project. | ||||||
| g | Includes payments in kind of $676.8 million for 10.5 million<br>barrels of crude oil valued at netback value per the production<br>sharing agreement and the remaining production entitlement was paid<br>in cash. | ||||||
| h | Pursuant to the relevant agreements, SOCAR paid these taxes on<br>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<br>Newfoundland and Labrador Offshore Energy Regulator | 11.4 | 11.4 | |||||
| Government<br>of The Province of<br><br><br>Alberta | 0.4 | 0.4 | |||||
| Natural<br>Resources Canada | 0.2 | 0.2 | |||||
| Total | 12.1 | 12.1 | |||||
| Projects | Production entitlements | Taxes | Royalties | Fees | Bonuses | Infrastructure improvements | Total |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Newfoundland<br>Exploration | 11.6 | 11.6 | |||||
| Terre<br>De Grace | 0.4 | 0.4 | |||||
| Total | 12.1 | 12.1 |
Egypt
$ million
| Government | Production entitlements | Taxes | Royalties | Fees | Bonuses | Production improvements | Total |
|---|---|---|---|---|---|---|---|
| Egyptian<br>General Petroleum | 2.0 | 2.0 | |||||
| Egyptian<br>Natural Gas Holdinga,b | 16.2 | 1.0 | 17.2 | ||||
| Egyptian<br>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<br>Portsaid | 1.0 | 1.0 | |||||
| El<br>Qaraaa | 11.9 | 11.9 | |||||
| North<br>Alexandria / West Mediterranean Deep Watera | 33.1 | 33.1 | |||||
| North<br>North Damiettaa | 199.7 | 199.7 | |||||
| North<br>El Hammad Offshorea | 43.3 | 43.3 | |||||
| Ras El<br>Bara,b | 16.2 | 19.2 | 35.5 | ||||
| Temsaha | 1.1 | 1.1 | |||||
| UGDC | 0.8 | 0.8 | |||||
| West<br>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<br>Corporation paid these taxes on bp's behalf out of production<br>entitlement. | ||||||
| --- | --- | ||||||
| b | Includes payments in kind of $16.2 million for 0.9 million barrels<br>of crude oil valued as net payable provision estimate per the<br>production sharing agreement. |
India
$ million
| Governments | Production entitlements | Taxes | Royalties | Fees | Bonuses | Infrastructure improvements | Total |
|---|---|---|---|---|---|---|---|
| Income<br>Tax Department | 82.8 | 82.8 | |||||
| Ministry<br>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<br>KG-DWN-98/3 | 118.1 | 118.1 | |||||
| Payments<br>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<br>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<br>of condensates valued per the production sharing agreement. The<br>remaining production entitlement for LNG was paid in<br>cash. | ||||||
| --- | --- |
Iraq
$ million
| Governments | Production entitlements | Taxes | Royalties | Fees | Bonuses | Infrastructure improvements | Total |
|---|---|---|---|---|---|---|---|
| North<br>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<br>Oil Corporation | 0.9 | 0.9 | |||||
| Total | 0.9 | 0.9 | |||||
| Projects | Production entitlements | Taxes | Royalties | Fees | Bonuses | Infrastructure improvements | Total |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Payments<br>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<br>of Petroleum, Energy and Mines | 0.7 | 6.0 | 6.7 | ||||
| Republique<br>Islamique de Mauritanie a | 25.1 | 25.1 | |||||
| Société<br>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<br>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<br>0.05 million barrels of condensate and $22.3 million for 3.6<br>million mmBtu of gas, both valued as per the Sales Purchase<br>Agreement (SPA), In addition $20.4 million was paid in<br>cash. | ||||||
| --- | --- | ||||||
Oman
$ million
| Governments | Production entitlements | Taxes | Royalties | Fees | Bonuses | Infrastructure improvements | Total |
|---|---|---|---|---|---|---|---|
| Makarim<br>Gas Developmenta | 530.0 | 530.0 | |||||
| Ministry<br>of Energy and Mineralsb | 1,668.3 | 0.4 | 1,668.7 | ||||
| Ministry<br>of Labour | 1.6 | 1.6 | |||||
| Oman<br>Tax Authorityc | 683.3 | 683.3 | |||||
| Total | 2,198.2 | 683.3 | 2.0 | 2,883.6 | |||
| Projects | Production entitlementsa,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<br>barrels of condensates valued at market prices, $352.2 million for<br>98.01 million mmBtu of gas valued per the Gas Sales Agreement and<br>$0.27 million was paid in cash. | ||||||
| --- | --- | ||||||
| b | Comprises payments in kind of $781.2 million for 11.02 million<br>barrels of condensates valued at market prices, 886.02 million for<br>246.5 million mmBtu of gas valued per the Gas Sales Agreement and<br>$1.1 million was paid in cash. | ||||||
| c | Pursuant to the relevant agreements, the Ministry of Oil and Gas<br>paid $683.3 million of taxes on bp’s behalf out of their<br>production entitlement. | ||||||
Senegal
$ million
| Governments | Production entitlements | Taxes | Royalties | Fees | Bonuses | Infrastructure improvements | Total |
|---|---|---|---|---|---|---|---|
| Ministry<br>of Fisheries and Maritime Economy | 5.4 | 5.4 | |||||
| Municipality<br>of St Louis | 0.8 | 0.8 | |||||
| Republique<br>du Senegal | 18.3 | 18.3 | |||||
| Société<br>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<br>St Louis Profond | 22.0 | 0.3 | 22.3 | ||||
| Payments<br>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<br>of Inland Revenue | 79.4 | 79.4 | |||||
| Ministry<br>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<br>25A | 1.0 | 1.0 | |||||
| Block<br>25B | 0.2 | 0.2 | |||||
| Block<br>5B | 2.1 | 2.1 | |||||
| Block<br>NCMA2 | 1.2 | 1.2 | |||||
| BPTT<br>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<br>Dhabi National Oil Company | 6.4 | 6.4 | |||||
| Department<br>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<br>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<br>Revenue and Customsa,b | 1,040.8 | 1,040.8 | |||||
| Oil and<br>Gas Authority | 8.3 | 8.3 | |||||
| The<br>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<br>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<br>a refund of taxes paid in prior years. | ||||||
| --- | --- | ||||||
| b | Settlement of UK Direct Taxes which include interest over/under<br>payments. |
United States
$ million
| Governments | Production entitlements | Taxes | Royalties | Fees | Bonuses | Infrastructure improvements | Total |
|---|---|---|---|---|---|---|---|
| IRSa | 30.0 | 30.0 | |||||
| Office<br>of Natural Revenue/Department Interior | 958.5 | 12.5 | 12.3 | 983.3 | |||
| State<br>of Colorado | (0.2) | (0.2) | |||||
| State<br>of Louisianab | 35.6 | 12.3 | 47.9 | ||||
| State<br>of New Mexico | (2.2) | (2.2) | |||||
| State<br>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<br>America<br><br><br>-<br>Central | 914.7 | 12.5 | 12.3 | 939.5 | |||
| Gulf of<br>America<br><br><br>-<br>Western | 42.1 | 42.1 | |||||
| Louisianab | 35.6 | 13.9 | 49.5 | ||||
| New<br>Mexico | (2.2) | (2.2) | |||||
| Texas | 206.4 | 139.5 | 1.4 | 347.3 | |||
| Payments<br>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<br>a refund of taxes paid in prior years. | ||||||
| --- | --- | ||||||
| b | Payments to states where bp has no extractive activities relate to<br>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)<br>7787 685821 | +1<br>713 903 9729 | ||||||||
| Payment | Amount | Type | Country | Government | Extraction Method | Resource | Project | In kind Y/N | In Kind |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 0.3 | Tax | Angola | Ministry<br>of Finance | Well | Crude<br>Oil | Payments<br>not attributable to projects | ||
| 2 | 6.4 | Fees | Australia | AUSTRALIAN<br>TAXATION OFFICE | Well | Crude<br>Oil | North<br>West Shelf | ||
| 3 | 6.4 | Fees | Australia | DEPARTMENT<br>FOR ENERGY AND MINING | Well | Crude<br>Oil | North<br>West Shelf | ||
| 4 | 0.7 | Fees | Australia | Department<br>of Finance | Well | Crude<br>Oil | North<br>West Shelf | ||
| 5 | 80.3 | Royalties | Australia | Department<br>of Mines, Industry Regulation and Safety | Well | Crude<br>Oil | North<br>West Shelf | ||
| 6 | 83.0 | Tax | Australia | AUSTRALIAN<br>TAXATION OFFICE | Well | Crude<br>Oil | North<br>West Shelf | ||
| 7 | 450.0 | Bonuses | Azerbaijan | State<br>Oil Fund of Azerbaijan (SOFAZ) | Well | Crude<br>Oil | Azeri-Chirag-Deepwater<br>Guneshli - PSA | ||
| 8 | 0.2 | Bonuses | Azerbaijan | State<br>Oil Fund of Azerbaijan (SOFAZ) | Well | Crude<br>Oil | Shah<br>Deniz - PSA | ||
| 9 | 2.1 | Fees | Azerbaijan | State<br>Oil Fund of Azerbaijan (SOFAZ) | Well | Crude<br>Oil | Shafag-Asiman<br>PSA | ||
| 10 | 1,122.7 | Production<br>Entitlements | Azerbaijan | Azerbaijan<br>(ACG) Ltd. (SOCAR subsidiary) | Well | Crude<br>Oil | Azeri-Chirag-Deepwater<br>Guneshli - PSA | Yes | Includes<br>payments in kind of $$1,123 million for 16.7 million barrels of<br>crude oil valued at netback value per the production sharing<br>agreement |
| 11 | 881.4 | Production<br>Entitlements | Azerbaijan | SGC<br>Upstream LLC | Well | Crude<br>Oil | Shah<br>Deniz - PSA | ||
| 12 | 251.2 | Production<br>Entitlements | Azerbaijan | SGC<br>Upstream LLC | Well | Crude<br>Oil | Shah<br>Deniz - PSA | Yes | Includes<br>payments in kind of $251.2 million for 3.9 million barrels of crude<br>oil valued at netback value per the production sharing<br>agreement. |
| 13 | 268.0 | Production<br>Entitlements | Azerbaijan | State<br>Oil Company of Azerbaijan Republic (SOCAR) | Well | Gas | Azeri-Chirag-Deepwater<br>Guneshli - PSA | Yes | Payments<br>in kind of $268.0 million for 2.9 billion cubic metres of<br>associated residue natural gas valued on the basis of gas prices<br>realized in a similar Azerbaijan project. |
| 14 | 4,745.9 | Production<br>Entitlements | Azerbaijan | State<br>Oil Fund of Azerbaijan (SOFAZ) | Well | Crude<br>Oil | Azeri-Chirag-Deepwater<br>Guneshli - PSA | Yes | Includes<br>payments in kind of $$4,745.9 million for 70.2 million barrels of<br>crude oil valued at netback value per the production sharing<br>agreement |
| 15 | 1,423.0 | Production<br>Entitlements | Azerbaijan | State<br>Oil Fund of Azerbaijan (SOFAZ) | Well | Crude<br>Oil | Shah<br>Deniz - PSA | ||
| 16 | 425.6 | Production<br>Entitlements | Azerbaijan | State<br>Oil Fund of Azerbaijan (SOFAZ) | Well | Crude<br>Oil | Shah<br>Deniz - PSA | Yes | Includes<br>payments in kind of $425.6 million for 6.6 million barrels of crude<br>oil valued at netback value per the production sharing<br>agreement. |
| 17 | 38.1 | Tax | Azerbaijan | Ministry<br>of Taxes | Well | Crude<br>Oil | Azeri-Chirag-Deepwater<br>Guneshli - PSA | ||
| 18 | 389.8 | Tax | Azerbaijan | Ministry<br>of Taxes | Well | Crude<br>Oil | Shah<br>Deniz - PSA | ||
| 19 | 0.4 | Fees | Brazil | Petrobras | Well | Crude<br>Oil | C-M-477 | ||
| 20 | 11.4 | Fees | Canada | Canada<br>Newfoundland and Labrador Offshore Energy Regulator | Well | Crude<br>Oil | Newfoundland<br>Exploration | ||
| 21 | 0.4 | Fees | Canada | Government<br>of Alberta | Well | Crude<br>Oil | Terre<br>De Grace | ||
| 22 | 0.2 | Fees | Canada | Natural<br>Resources Canada | Well | Crude<br>Oil | Newfoundland<br>Exploration | ||
| 23 | 1.0 | Bonuses | Egypt | Egyptian<br>Natural Gas Holding | Well | Crude<br>Oil | East<br>Portsaid | ||
| 24 | 2.0 | Fees | Egypt | Egyptian<br>General Petroleum | Well | Crude<br>Oil | West<br>Nile Delta | ||
| 25 | 16.2 | Production<br>Entitlements | Egypt | Egyptian<br>Natural Gas Holding | Well | Crude<br>Oil | Ras El<br>Bar | Yes | Includes<br>payments in kind of $16.2 million for 0.9 million barrels of crude oil valued as net payable provision<br>estimate per the production sharing agreement. |
| 26 | 18.5 | Tax | Egypt | Egyptian<br>Tax Authority | Well | Crude<br>Oil | Baltim | ||
| 27 | 11.9 | Tax | Egypt | Egyptian<br>Tax Authority | Well | Crude<br>Oil | El<br>Qaraa | ||
| 28 | 33.1 | Tax | Egypt | Egyptian<br>Tax Authority | Well | Crude<br>Oil | North<br>Alexandria / West Mediterranean Deep Water | ||
| 29 | 199.7 | Tax | Egypt | Egyptian<br>Tax Authority | Well | Crude<br>Oil | North<br>Damietta | ||
| 30 | 43.3 | Tax | Egypt | Egyptian<br>Tax Authority | Well | Crude<br>Oil | North<br>El Hammad Offshore | ||
| 31 | 19.2 | Tax | Egypt | Egyptian<br>Tax Authority | Well | Crude<br>Oil | Ras El<br>Bar | ||
| 32 | 1.1 | Tax | Egypt | Egyptian<br>Tax Authority | Well | Crude<br>Oil | Temsah | ||
| 33 | 0.8 | Tax | Egypt | Egyptian<br>Tax Authority | Well | Crude<br>Oil | UGDC | ||
| 34 | 57.4 | Tax | Egypt | Egyptian<br>Tax Authority | Well | Crude<br>Oil | Zohr | ||
| 35 | 118.1 | Production<br>Entitlements | India | Ministry<br>of Petroleum & Natural Gas - Government of India | Well | Gas | KG D6<br>KG-DWN-98/3 | ||
| 36 | 82.8 | Tax | India | Income<br>Tax Department | Well | Gas | Payments<br>not attributable to projects | ||
| 37 | 972.2 | Production<br>Entitlements | Indonesia | Ministry<br>of Finance | Well | LNG | Tangguh | ||
| 38 | 97.2 | Production<br>Entitlements | Indonesia | Ministry<br>of Finance | Well | LNG | Tangguh | Yes | Includes<br>payments in kind of $97.2 million for 1.6 million barrels of<br>condensates valued per the production sharing agreement. The<br>remaining production entitlement for LNG was paid in<br>cash. |
| 39 | 355.0 | Tax | Indonesia | Ministry<br>of Finance | Well | LNG | Tangguh | ||
| 40 | 25.0 | Bonuses | Iraq | North<br>Oil Company | Well | Crude<br>Oil | Kirkuk | ||
| 41 | 0.9 | Fees | Libya | NOC | Well | Crude<br>Oil | Payments<br>not attributable to projects | ||
| 42 | 6.0 | Bonuses | Mauritania | Ministry<br>of Petroleum, Energy & Mines | Well | LNG | Block<br>C8 | ||
| 43 | 0.7 | Fees | Mauritania | Ministry<br>of Petroleum, Energy & Mines | Well | LNG | Block<br>C8 | ||
| 44 | 25.1 | Production<br>Entitlements | Mauritania | Republique<br>Islamique de Mauritanie | Well | LNG | Block<br>C8 | Yes | Comprises<br>payments in kind of $25.1 million: for $2.8 million for 0.05<br>million barrels of condensate and $22.3 million for 3.6 million<br>mmBtu of gas, both valued as per the Sales Purchase Agreement<br>(SPA), In addition $20.4 million was paid in cash |
| 45 | 20.4 | Production<br>Entitlements | Mauritania | Société<br>Mauritanienne des Hydrocarbures | Well | LNG | Block<br>C8 | ||
| 46 | 0.4 | Fees | Oman | Ministry<br>of Enrage and Minerals (MEM) | Well | Gas | Khazzan | ||
| 47 | 1.6 | Fees | Oman | Ministry<br>of Labour | Well | Gas | Khazzan | ||
| 48 | 352.5 | Production<br>Entitlements | Oman | Makarim<br>Gas Development (MGD) | Well | Gas | Khazzan | Yes | Comprises<br>$352.2 million for 98.01 million mmBtu of gas valued per the Gas<br>Sales Agreement |
| 49 | 177.5 | Production<br>Entitlements | Oman | Makarim<br>Gas Development (MGD) | Well | Gas | Khazzan | Yes | Comprises<br>payments in kind of $177.5 million for 2.49 million barrels of<br>condensates valued at market prices, |
| 50 | 1.1 | Production<br>Entitlements | Oman | Ministry<br>of Enrage and Minerals (MEM) | Well | Gas | Khazzan | ||
| 51 | 1,667.2 | Production<br>Entitlements | Oman | Ministry<br>of Enrage and Minerals (MEM) | Well | Gas | Khazzan | Yes | Comprises<br>payments in kind of $781.2 million for 11.02 million barrels of<br>condensates valued at market prices, 886.02 million for 246.5<br>million mmBtu of gas valued per the Gas Sales Agreement and $1.1<br>million was paid in cash. |
| 52 | 683.3 | Tax | Oman | Oman<br>Tax Authority | Well | Gas | Khazzan | ||
| 53 | 0.3 | Fees | Senegal | Société<br>des pétroles du Sénégal | Well | LNG | Block<br>St Louis Profond | ||
| 54 | 5.4 | Infrastructure | Senegal | Ministry<br>of Fisheries and Maritime Economy | Well | LNG | Payments<br>not attributable to projects | ||
| 55 | 0.8 | Infrastructure | Senegal | Municipality<br>of St Louis | Well | LNG | Payments<br>not attributable to projects | ||
| 56 | 18.3 | Production<br>Entitlements | Senegal | Republique<br>du Senegal | Well | LNG | Block<br>St Louis Profond | ||
| 57 | 3.7 | Production<br>Entitlements | Senegal | Société<br>des pétroles du Sénégal | Well | LNG | Block<br>St Louis Profond | ||
| 58 | 1.0 | Fees | Trinidad | Ministry<br>of Energy and Energy Industries | Well | LNG | Block<br>25A | ||
| 59 | 0.2 | Fees | Trinidad | Ministry<br>of Energy and Energy Industries | Well | LNG | Block<br>25B | ||
| 60 | 2.1 | Fees | Trinidad | Ministry<br>of Energy and Energy Industries | Well | LNG | Block<br>5B | ||
| 61 | 1.2 | Fees | Trinidad | Ministry<br>of Energy and Energy Industries | Well | LNG | Block<br>NCMA2 | ||
| 63 | 79.4 | Tax | Trinidad | Board<br>of Inland Revenue | Well | LNG | BPTT<br>Blocks | ||
| 64 | 273.7 | Tax | Trinidad | Ministry<br>of Energy and Energy Industries | Well | LNG | BPTT<br>Blocks | Yes | Includes Royalty payments of $248.2 million. |
| 65 | 6.4 | Fees | United<br>Arab Emirates | Abu<br>Dhabi National Oil Company | Well | Crude<br>Oil | ADCO<br>Concession (Onshore) | ||
| 66 | 4,189.8 | Tax | United<br>Arab Emirates | Department<br>of Finance Abu Dhabi | Well | Crude<br>Oil | ADCO<br>Concession (Onshore) | ||
| 67 | 0.5 | Fees | United<br>Kingdom | OIL AND<br>GAS AUTHORITY | Well | Crude<br>Oil | Andrew | ||
| 68 | 0.5 | Fees | United<br>Kingdom | OIL AND<br>GAS AUTHORITY | Well | Crude<br>Oil | Clair | ||
| 69 | 0.3 | Fees | United<br>Kingdom | OIL AND<br>GAS AUTHORITY | Well | Crude<br>Oil | Decommissioning | ||
| 70 | 1.7 | Fees | United<br>Kingdom | OIL AND<br>GAS AUTHORITY | Well | Crude<br>Oil | ETAP | ||
| 71 | 0.2 | Fees | United<br>Kingdom | OIL AND<br>GAS AUTHORITY | Well | Crude<br>Oil | Exploration | ||
| 72 | 2.4 | Fees | United<br>Kingdom | OIL AND<br>GAS AUTHORITY | Well | Crude<br>Oil | Foinaven | ||
| 73 | 0.5 | Fees | United<br>Kingdom | OIL AND<br>GAS AUTHORITY | Well | Crude<br>Oil | Murlach | ||
| 74 | 0.7 | Fees | United<br>Kingdom | OIL AND<br>GAS AUTHORITY | Well | Crude<br>Oil | Non<br>Operated | ||
| 75 | 1.1 | Fees | United<br>Kingdom | OIL AND<br>GAS AUTHORITY | Well | Crude<br>Oil | Schiehallion | ||
| 76 | 0.5 | Fees | United<br>Kingdom | OIL AND<br>GAS AUTHORITY | Well | Crude<br>Oil | Seagull | ||
| 77 | 0.4 | Fees | United<br>Kingdom | THE<br>CROWN ESTATE | Well | Crude<br>Oil | Pipelines | ||
| 78 | (9.9) | Tax | United<br>Kingdom | HMRC | Well | Crude<br>Oil | Decommissioning | ||
| 79 | (0.4) | Tax | United<br>Kingdom | HMRC | Well | Crude<br>Oil | Non<br>Operated | ||
| 80 | 1,051.1 | Tax | United<br>Kingdom | HMRC | Well | Crude<br>Oil | Payments<br>not attributable to projects | ||
| 81 | 12.3 | Bonuses | USA | Office<br>of Natural Resources Revenue/Department of the<br>Interior | Well | Crude<br>Oil | Gulf of<br>America - Central | ||
| 82 | 12.5 | Fees | USA | Office<br>of Natural Resources Revenue/Department of the<br>Interior | Well | Crude<br>Oil | Gulf of<br>America - Central | ||
| 83 | 1.4 | Fees | USA | State<br>of Texas | Well | Crude<br>Oil | Texas | ||
| 84 | 914.7 | Royalties | USA | Office<br>of Natural Resources Revenue/Department of the<br>Interior | Well | Crude<br>Oil | Gulf of<br>America - Central | ||
| 85 | 42.1 | Royalties | USA | Office<br>of Natural Resources Revenue/Department of the<br>Interior | Well | Crude<br>Oil | Gulf of<br>America - Western | ||
| 86 | 1.7 | Royalties | USA | Office<br>of Natural Resources Revenue/Department of the<br>Interior | Well | Crude<br>Oil | Louisiana | ||
| 87 | 12.3 | Royalties | USA | State<br>of Louisiana | Well | Crude<br>Oil | Louisiana | ||
| 88 | 139.5 | Royalties | USA | State<br>of Texas | Well | Crude<br>Oil | Texas | ||
| 89 | 30.0 | Tax | USA | IRS | Well | Crude<br>Oil | Payments<br>not attributable to projects | ||
| 90 | (0.2) | Tax | USA | State<br>of Colorado | Well | Crude<br>Oil | Colorado | ||
| 91 | 35.6 | Tax | USA | State<br>of Louisiana | Well | Crude<br>Oil | Louisiana | ||
| 92 | (2.2) | Tax | USA | State<br>of New Mexico | Well | Crude<br>Oil | New<br>Mexico | ||
| 93 | 206.4 | Tax | USA | State<br>of Texas | Well | Crude<br>Oil | Texas |
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 undersigned, thereunto duly authorized.
| BP<br>p.l.c. | |
|---|---|
| (Registrant) | |
| Dated: 08<br>June 2026 | |
| /s/ Ben<br>J. S. Mathews | |
| ------------------------ | |
| Ben J.<br>S. Mathews | |
| Company<br>Secretary |