Bp PLC 6-K, filed Jun 24, 2022
Bp PLC (BP)
6-K
2022-06-24
For: 2022-06-24
View Original
Added on
April 08, 2026
About this 6-K
Bp PLC filed this 6-K on June 24, 2022.
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
for the
period ended 24th
June, 2022
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|
---------------
--------------
|
BP p.l.c.
Report on payments to governments
Year ended 31 December 2021
|
|
Contents
|
Introduction
|
2
|
|
Basis of preparation
|
2
|
|
Payments overview
|
5
|
|
Payments by country
|
6
|
|
Other sources
|
28
|
Introduction
BP p.l.c. has prepared the following consolidated report ('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 Disclosure Guidance and Transparency Rules. The
'Basis of Preparation' section below 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 socioeconomic contribution
bp makes a broader socioeconomic contribution to countries in which
we operate in addition to the payments that are required to be
reported under the Regulations. We also make payments to
governments in connection with parts of our business other than
extractive activities - for example in relation to the
transportation, trading, manufacture and marketing of oil and gas.
As well as government payments, bp contributes to the economies of
the countries in which we operate by providing jobs for employees
and contractors, purchasing materials from local suppliers and
undertaking social investment activities. See the Other Resources
section at the end of the report for more information on our
socioeconomic contribution and our position on tax and financial
transparency.
bp's position on revenue transparency
bp supports transparency
in the flow of revenue from oil and gas activities to governments.
This helps citizens 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. In preparing a report, 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 to be 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
actually 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 2021 such as Rosneft, Pan
American Energy Group and Aker bp 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
sub category 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. Moreover, 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. Corporate
income taxes, which are typically not levied at a project level,
are an example of this.
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 is of
any one of the types listed below:
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
entitlements 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
The Report includes taxes levied on income, production or profits
or 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, procurement (contractor's withholding taxes),
environmental, property, 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 entitlement).
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 2021, 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 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 2021, by country and payment
type.
Of the seven payment types required by the UK regulations, bp did
not pay any relevant dividends and therefore the category is not
shown.
$ million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
Country
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Algeria
|
|
115.2
|
|
0.1
|
|
|
115.4
|
|
Angola
|
1,212.7
|
292.6
|
|
6.4
|
0.2
|
1.3
|
1,513.2
|
|
Argentina
|
|
1.2
|
|
|
|
|
1.2
|
|
Australia
|
|
15.0
|
122.7
|
|
|
|
137.7
|
|
Azerbaijan
|
9,962.8
|
171.7
|
|
2.8
|
451.0
|
|
10,588.3
|
|
Brazil
|
|
|
|
61.0
|
|
|
61.0
|
|
Canada
|
|
|
|
3.0
|
|
|
3.0
|
|
Egypt
|
|
84.3
|
|
0.3
|
2.5
|
|
87.1
|
|
Gambia
|
|
|
|
30.9
|
|
|
30.9
|
|
India
|
2.9
|
|
|
|
|
|
2.9
|
|
Indonesia
|
401.1
|
187.7
|
|
|
|
|
588.8
|
|
Iraq
|
|
92.8
|
|
0.2
|
|
1.4
|
94.4
|
|
Mauritania
|
|
|
|
24.2
|
|
4.0
|
28.2
|
|
Mexico
|
|
3.5
|
|
2.7
|
|
|
6.1
|
|
Oman
|
1,446.0
|
235.0
|
|
0.5
|
|
|
1,681.5
|
|
Russia
|
|
90.4
|
|
|
|
|
90.4
|
|
São Tomé and Príncipe
|
|
|
|
1.3
|
|
|
1.3
|
|
Senegal
|
|
|
|
0.6
|
|
|
0.6
|
|
Trinidad and Tobago
|
|
265.1
|
|
1.8
|
|
|
266.9
|
|
United Arab Emirates
|
|
3,221.7
|
|
6.1
|
|
|
3,227.9
|
|
United Kingdom
|
|
119.4
|
|
7.8
|
|
|
127.3
|
|
United States
|
|
161.2
|
883.7
|
7.3
|
19.2
|
|
1,071.4
|
|
Total
|
13,025.4
|
5,056.8
|
1,006.5
|
157.1
|
473.0
|
6.6
|
19,725.5
|
Payments by country
Algeria
$ million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Ministère des Finances - Direction
|
|
|
|
|
|
|
|
|
Générale des Impôts
|
|
(a)115.2
|
|
|
|
|
115.2
|
|
Sonatrach
|
|
|
|
0.1
|
|
|
0.1
|
|
Total
|
|
115.2
|
|
0.1
|
|
|
115.4
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
In Amenas
|
|
(b)82.2
|
|
0.1
|
|
|
82.3
|
|
In Salah
|
|
(c)33.0
|
|
|
|
|
33.0
|
|
Total
|
|
115.2
|
|
0.1
|
|
|
115.4
|
|
(a)
|
Includes $101.1 million of taxes settled by Sonatrach on bp's
behalf out of entitlement, pursuant to the relevant
agreements.
|
|
(b)
|
Includes $68.1 million of taxes settled by Sonatrach on bp's behalf
out of production entitlement, pursuant to the relevant
agreements.
|
|
(c)
|
Pursuant to the relevant agreements, Sonatrach paid these taxes on
bp's behalf out of revenue entitlements.
|
|
|
|
|
|
|
|
|
|
Angola
$ million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Adminstracao Geral Tributaria
|
|
4.1
|
|
|
|
|
4.1
|
|
Agencia Nacional
|
|
|
|
6.4
|
0.2
|
|
6.6
|
|
ANPG - Concessionaire
|
(a)320.5
|
|
|
|
|
|
320.5
|
|
Ministry of Finance
|
|
284.4
|
|
|
|
|
284.4
|
|
Ministry of Petroleum
|
|
4.2
|
|
|
|
|
4.2
|
|
Rise Angola
|
|
|
|
|
|
1.3
|
1.3
|
|
Sonangol P&P
|
(b)892.2
|
|
|
|
|
|
892.2
|
|
Total
|
1,212.7
|
292.6
|
|
6.4
|
0.2
|
1.3
|
1,513.2
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Block 15
|
|
49.1
|
|
|
|
|
49.1
|
|
Block 17
|
|
138.0
|
|
|
|
|
138.0
|
|
Block 18
|
(c)510.8
|
38.0
|
|
|
|
0.6
|
549.4
|
|
Block 25
|
|
|
|
6.4
|
|
|
6.4
|
|
Block 29
|
|
|
|
|
0.2
|
|
0.2
|
|
Block 31
|
(d)701.9
|
67.6
|
|
|
|
0.6
|
770.1
|
|
Total
|
1,212.7
|
292.6
|
|
6.4
|
0.2
|
1.3
|
1,513.2
|
|
(a)
|
Payments in kind for 4.5 million bbls of crude oil valued per the
Production Sharing Agreement.
|
|
(b)
|
Payments in kind for 12.7 million bbls of crude oil valued per the
Production Sharing Agreement.
|
|
(c)
|
Payments in kind for 7.1million bbls of crude oil valued per the
Production Sharing Agreement.
|
|
(d)
|
Payments in kind for 10.1 million bbls of crude oil valued per the
Production Sharing Agreement.
|
|
|
|
|
|
|
|
|
|
Argentina
$ million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Administracion Federal de
|
|
|
|
|
|
|
|
|
Ingresos Publicos (AFIP)
|
|
1.2
|
|
|
|
|
1.2
|
|
Total
|
|
1.2
|
|
|
|
|
1.2
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Payments not attributable
|
|
|
|
|
|
|
|
|
to projects
|
|
1.2
|
|
|
|
|
1.2
|
|
Total
|
|
1.2
|
|
|
|
|
1.2
|
Australia
$ million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Australian Taxation Office
|
|
15.0
|
|
|
|
|
15.0
|
|
Department of Mines, Industry
|
|
|
|
|
|
|
|
|
Regulation and Safety
|
|
|
122.7
|
|
|
|
122.7
|
|
Total
|
|
15.0
|
122.7
|
|
|
|
137.7
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
North West Shelf
|
|
35.9
|
122.7
|
|
|
|
158.6
|
|
Payments not attributable
|
|
|
|
|
|
|
|
|
to projects
|
|
(20.9)
|
|
|
|
|
(20.9)
|
|
Total
|
|
15.0
|
122.7
|
|
|
|
137.7
|
Azerbaijan
$ million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Azerbaijan (ACG) Ltd. (SOCAR
|
|
|
|
|
|
|
|
|
subsidiary)
|
(a)1,217.4
|
|
|
|
|
|
1,217.4
|
|
Azerbaijan (Shah Deniz) Ltd.
|
|
|
|
|
|
|
|
|
(SOCAR subsidiary)
|
(b)572.1
|
|
|
|
|
|
572.1
|
|
Ministry of Taxes
|
|
171.7
|
|
|
|
|
171.1
|
|
SGC Upstream LLC
|
(c)381.6
|
|
|
|
|
|
381.6
|
|
State Oil Company of Azerbaijan
|
|
|
|
|
|
|
|
|
Republic (SOCAR)
|
(d)251.6
|
|
|
|
|
|
251.6
|
|
State Oil Fund of Azerbaijan
|
|
|
|
|
|
|
|
|
(SOFAZ)
|
(e)7,540.1
|
|
|
2.8
|
451.0
|
|
7,993.9
|
|
Total
|
9,962.8
|
171.7
|
|
2.8
|
451.0
|
|
10,588.3
|
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
||||
|
|
PROJECTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
||||
|
|
Azeri-Chirag-Deepwater
|
|
|
|
|
|
|
|
||||
|
|
Gunashli - PSA
|
(f)8,043.8
|
171.7
|
|
|
450.0
|
|
8,665.5
|
||||
|
|
Shafag-Asiman - PSA
|
|
|
|
2.1
|
|
|
2.1
|
||||
|
|
Shah Deniz - PSA
|
(g)1,919.0
|
|
|
|
1.0
|
|
1,920.0
|
||||
|
Shallow Water Absheron
|
|
|
|
|
|
|
|
|||||
|
Peninsula (SWAP) PSA
|
|
|
|
0.6
|
|
|
0.6
|
|||||
|
|
Total
|
9,962.8
|
171.7
|
|
2.8
|
451.0
|
|
10,588.3
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
Payments in kind for 18.3 million bbls of crude oil valued at
netback value per the Production Sharing Agreement.
|
|
(b)
|
Includes payments in kind of $191.6 million for 2.9 million bbls of
crude oil valued at netback value per the Production Sharing
Agreement and the remaining production entitlement was paid in
cash.
|
|
(c)
|
Includes payments in kind of $127.8 million for 1.9 million bbls 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 3.2 billion cubic meters of associated residue
natural gas valued on the basis of gas prices realized in a similar
Azerbaijani project.
|
|
(e)
|
Includes payments in kind of $6,895.1 million for 100.9 million
bbls 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 $7,792.3 million for 114.6 million
bbls of crude oil valued at netback value per the Production
Sharing Agreement and payments
in kind of $251.6 million for 3.2 billion cubic meters of
associated residue natural gas valued on the basis of gas prices
realized in a similar Azerbaijani project.
|
|
(g)
|
Includes payments in kind of $639.8 million for 9.4 million bbls of
crude oil valued at netback value per the Production Sharing
Agreement and the remaining production entitlement was paid in
cash.
|
Brazil
$ million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Agencia Nacional do Petroleo, Gas
|
|
|
|
|
|
|
|
|
Natural
e Biocombustíveis (ANP)
|
|
|
|
0.9
|
|
|
0.9
|
|
Petrobras
|
|
|
|
60.1
|
|
|
60.1
|
|
Total
|
|
|
|
61.0
|
|
|
61.0
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
BM-C-30
|
|
|
|
0.1
|
|
|
0.1
|
|
BM-C-35
|
|
|
|
0.3
|
|
|
0.3
|
|
CM-477
|
|
|
|
0.2
|
|
|
0.2
|
|
CM-755
|
|
|
|
0.3
|
|
|
0.3
|
|
CM-793
|
|
|
|
0.3
|
|
|
0.3
|
|
FOZ-127
|
|
|
|
6.7
|
|
|
6.7
|
|
FOZ-57
|
|
|
|
13.7
|
|
|
13.7
|
|
FOZ-59
|
|
|
|
28.9
|
|
|
28.9
|
|
FOZ-88
|
|
|
|
10.5
|
|
|
10.5
|
|
Total
|
|
|
|
61.0
|
|
|
61.0
|
Canada
$ million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Canada Revenue Agency
|
|
|
|
1.6
|
|
|
1.6
|
|
Government of Alberta
|
|
|
|
0.3
|
|
|
0.3
|
|
Natural Resources Canada
|
|
|
|
1.1
|
|
|
1.1
|
|
Total
|
|
|
|
3.0
|
|
|
3.0
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Newfoundland Exploration
|
|
|
|
0.8
|
|
|
0.8
|
|
Nova Scotia Exploration
|
|
|
|
2.0
|
|
|
2.0
|
|
Terre De Grace
|
|
|
|
0.3
|
|
|
0.3
|
|
Total
|
|
|
|
3.0
|
|
|
3.0
|
Egypt
$ million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Egyptian General Petroleum
|
|
|
|
|
2.5
|
|
2.5
|
|
Egyptian Natural Gas Holding
|
|
|
|
|
|
|
|
|
Company (EGAS)
|
|
|
|
0.3
|
|
|
0.3
|
|
Egyptian Tax Authority
|
|
84.3
|
|
|
|
|
84.3
|
|
Total
|
|
84.3
|
|
0.3
|
2.5
|
|
87.1
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Baltim
|
|
35.0
|
|
|
|
|
35.0
|
|
El Qaraa
|
|
19.9
|
|
|
|
|
19.9
|
|
North El Salum
|
|
|
|
0.2
|
|
|
0.2
|
|
North El Tabya Offshore
|
|
|
|
0.2
|
|
|
0.2
|
|
Ras El Bar
|
|
8.2
|
|
|
|
|
8.2
|
|
South Gharib
|
|
|
|
|
2.5
|
|
2.5
|
|
Temsah
|
|
9.5
|
|
|
|
|
9.5
|
|
Zohr
|
|
11.8
|
|
|
|
|
11.8
|
|
Total
|
|
84.3
|
|
0.3
|
2.5
|
|
87.1
|
Gambia
$ million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Ministry of Petroleum and
|
|
|
|
|
|
|
|
|
Energy
|
|
|
|
30.9
|
|
|
30.9
|
|
Total
|
|
|
|
30.9
|
|
|
30.9
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
A1
|
|
|
|
30.9
|
|
|
30.9
|
|
Total
|
|
|
|
30.9
|
|
|
30.9
|
India
$ million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Ministry of Petroleum and
|
|
|
|
|
|
|
|
|
Natural Gas
|
2.9
|
|
|
|
|
|
2.9
|
|
Total
|
2.9
|
|
|
|
|
|
2.9
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
KG D6 KG-DWN-98/3
|
2.9
|
|
|
|
|
|
2.9
|
|
Total
|
2.9
|
|
|
|
|
|
2.9
|
Indonesia
$ million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Ministry of Finance
|
(a)401.1
|
187.7
|
|
|
|
|
588.8
|
|
Total
|
401.1
|
187.7
|
|
|
|
|
588.8
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Tangguh
|
(a)401.1
|
187.7
|
|
|
|
|
588.8
|
|
Total
|
401.1
|
187.7
|
|
|
|
|
588.8
|
|
(a)
|
Includes payments in kind of $52.1 million for 0.8 million bbls of
condensates valued per the Production Sharing Agreement and the
remaining production entitlement for LNG was paid in
cash.
|
Iraq
$ million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Basra Governorate
|
|
|
|
|
|
1.4
|
1.4
|
|
General Commission for Taxes
|
|
92.8
|
|
|
|
|
92.8
|
|
Ministry of Oil
|
|
|
|
0.2
|
|
|
0.2
|
|
Total
|
|
92.8
|
|
0.2
|
|
1.4
|
94.4
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Rumaila
|
|
92.8
|
|
0.2
|
|
1.4
|
94.4
|
|
Total
|
|
92.8
|
|
0.2
|
|
1.4
|
94.4
|
Mauritania
$ million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Commission Environnementale
|
|
|
|
0.3
|
|
|
0.3
|
|
Ministry of Petroleum, Energy &
|
|
|
|
|
|
|
|
|
Mines
|
|
|
|
23.5
|
|
4.0
|
27.5
|
|
Société Mauritanienne des
|
|
|
|
|
|
|
|
|
Hydrocarbures
|
|
|
|
0.3
|
|
|
0.3
|
|
Total
|
|
|
|
24.2
|
|
4.0
|
28.2
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Block C12
|
|
|
|
0.3
|
|
|
0.3
|
|
Block C13
|
|
|
|
23.2
|
|
|
23.2
|
|
Block C8
|
|
|
|
0.7
|
|
|
0.7
|
|
Payments not attributable
|
|
|
|
|
|
|
|
|
to projects
|
|
|
|
|
|
4.0
|
4.0
|
|
Total
|
|
|
|
24.2
|
|
4.0
|
28.2
|
Mexico
$ million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Fondo Mexicano del Petroleo
|
|
|
|
2.7
|
|
|
2.7
|
|
Sistema de Administracion
|
|
|
|
|
|
|
|
|
Tributaria
|
|
3.5
|
|
|
|
|
3.5
|
|
Total
|
|
3.5
|
|
2.7
|
|
|
6.1
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Cuencas del Sureste 34 R3
|
|
0.8
|
|
0.6
|
|
|
1.4
|
|
Cuenca Salina 1 R1
|
|
2.6
|
|
2.0
|
|
|
4.6
|
|
Total
|
|
3.5
|
|
2.7
|
|
|
6.1
|
Oman
$ million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Makarim Gas Development (MGD)
|
(a)719.7
|
|
|
|
|
|
719.7
|
|
Ministry of Enrage and
|
|
|
|
|
|
|
|
|
Minerals (MEM)
|
(b)726.3
|
|
|
0.5
|
|
|
726.8
|
|
Ministry of Finance
|
|
235.0
|
|
|
|
|
235.0
|
|
Total
|
1,446.0
|
235.0
|
|
0.5
|
|
|
1,681.5
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Khazzan
|
(a)(b)1,446,0
|
235.0
|
|
0.5
|
|
|
1,681.5
|
|
Total
|
1,446.0
|
235.0
|
|
0.5
|
|
|
1,681.5
|
|
(a)
|
Comprises payments in kind of $312.8 million for 4.9 million bbls
of condensates valued at market prices; $406.3 million for 121.6
million mmBtu of gas valued per the Gas Sales Agreement and $0.6
million was paid in cash.
|
|
(b)
|
Comprises payments in kind of $394.4 million for 5.7 million bbls
of condensates valued at market prices; $331.2 million for 99.4
million mmBtu of gas valued per the Gas Sales Agreement and $0.8
million was paid in cash.
|
Russia
$ million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Ministry of Finance
|
|
90.4
|
|
|
|
|
90.4
|
|
Total
|
|
90.4
|
|
|
|
|
90.4
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Investment in Rosneft
|
|
72.5
|
|
|
|
|
72.5
|
|
Investment in TYNGD (Taas)
|
|
17.6
|
|
|
|
|
17.6
|
|
Payments not attributable
|
|
|
|
|
|
|
|
|
to projects
|
|
0.3
|
|
|
|
|
0.3
|
|
Total
|
|
90.4
|
|
|
|
|
90.4
|
São Tomé and Príncipe
$ million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Agência Nacional do Petróleo
|
|
|
|
1.3
|
|
|
1.3
|
|
Total
|
|
|
|
1.3
|
|
|
1.3
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Block 10
|
|
|
|
0.6
|
|
|
0.6
|
|
Block 13
|
|
|
|
0.6
|
|
|
0.6
|
|
Total
|
|
|
|
1.3
|
|
|
1.3
|
Senegal
$ million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Société des pétroles du
Sénégal
|
|
|
|
0.6
|
|
|
0.6
|
|
Total
|
|
|
|
0.6
|
|
|
0.6
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Block Cayar Profond
|
|
|
|
0.3
|
|
|
0.3
|
|
Block St Louis Profond
|
|
|
|
0.3
|
|
|
0.3
|
|
Total
|
|
|
|
0.6
|
|
|
0.6
|
Trinidad and Tobago
$ million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Board of Inland Revenue
|
|
66.4
|
|
|
|
|
66.4
|
|
Ministry of Energy and
|
|
|
|
|
|
|
|
|
Energy Industries
|
|
198.7
|
|
1.8
|
|
|
200.5
|
|
Total
|
|
265.1
|
|
1.8
|
|
|
266.9
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Block 5B
|
|
|
|
1.7
|
|
|
1.7
|
|
BPTT Blocks
|
|
265.1
|
|
0.1
|
|
|
265.2
|
|
Total
|
|
265.1
|
|
1.8
|
|
|
266.9
|
United Arab Emirates (UAE)
$ million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Abu Dhabi Company for
|
|
|
|
|
|
|
|
|
Onshore Petroleum
|
|
|
|
|
|
|
|
|
Operations Limited
|
|
|
|
2.4
|
|
|
2.4
|
|
Abu Dhabi National Oil Company
|
|
|
|
|
|
|
|
|
Company
|
|
|
|
3.8
|
|
|
3.8
|
|
Department of Finance
|
|
|
|
|
|
|
|
|
Abu Dhabi
|
|
3,221.7
|
|
|
|
|
3,221.7
|
|
Total
|
|
3,221,7
|
|
6.1
|
|
|
3,227.9
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
ADNOC Onshore Concession
|
|
3,221.7
|
|
6.1
|
|
|
3,227.9
|
|
Total
|
|
3,221,7
|
|
6.1
|
|
|
3,227.9
|
United Kingdom (UK)
$ million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Crown Estate
|
|
|
|
0.3
|
|
|
0.3
|
|
HM Revenue and Customs
|
|
(a)(b)119.4
|
|
|
|
|
119.4
|
|
Oil and Gas Authority
|
|
|
|
7.5
|
|
|
7.5
|
|
Total
|
|
119.4
|
|
7.8
|
|
|
127.3
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Andrew
|
|
|
|
0.4
|
|
|
0.4
|
|
Clair
|
|
|
|
0.6
|
|
|
0.6
|
|
Decommissioning
|
|
(a)(46.4)
|
|
|
|
|
(46.4)
|
|
ETAP
|
|
|
|
0.5
|
|
|
0.5
|
|
Exploration
|
|
|
|
1.4
|
|
|
1.4
|
|
Foinaven
|
|
|
|
3.6
|
|
|
3.6
|
|
Murlach
|
|
|
|
0.2
|
|
|
0.2
|
|
Non-Operated
|
|
(a)(12.0)
|
|
0.8
|
|
|
(11.2)
|
|
Payments not attributable
|
|
|
|
|
|
|
|
|
to projects
|
|
(a)(b) 177.9
|
|
|
|
|
177.9
|
|
Pipelines
|
|
|
|
0.3
|
|
|
0.3
|
|
Total
|
|
119.4
|
|
7.8
|
|
|
127.3
|
|
(a)
|
Net refunds result from the carry back of tax losses, resulting in
a refund of taxes paid in prior years.
|
|
(b)
|
Settlement of tax which include interest over/under
payments
|
United States (US)
$ million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
||
|
GOVERNMENTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
||
|
California State Controller's
|
|
|
|
|
|
|
|
||
|
Office
|
|
|
(a)0.3
|
|
|
|
0.3
|
||
|
Office of Natural Resources
|
|
|
|
|
|
|
|
|
|
|
Revenue - BIA
|
|
|
5.9
|
|
|
|
5.9
|
||
|
Office of Natural Resources
|
|
|
|
|
|
|
|
||
|
Revenue
|
|
|
777.0
|
6.6
|
19.2
|
|
802.9
|
||
|
State of Alaska
|
|
(5.9)
|
23.4
|
|
|
|
17.5
|
||
|
State of Louisiana
|
|
35.4
|
(a)4.6
|
|
|
|
39.9
|
||
|
State of New Mexico
|
|
0.4
|
|
|
|
|
0.4
|
||
|
State of Texas
|
|
131.3
|
(a)72.5
|
0.7
|
|
|
204.6
|
||
|
Total
|
|
161.2
|
883.7
|
7.3
|
19.2
|
|
1,071.4
|
||
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
Entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Improvements
|
Total
|
|
Alaska
|
|
(5.9)
|
23.4
|
|
|
|
17.5
|
|
California
|
|
|
0.3
|
|
|
|
0.3
|
|
Gulf of Mexico - Central
|
|
|
745.7
|
5.8
|
19.2
|
|
770.7
|
|
Gulf of Mexico - Western
|
|
|
31.4
|
0.8
|
|
|
32.1
|
|
Louisiana
|
|
35.4
|
4.6
|
|
|
|
39.9
|
|
New Mexico
|
|
0.4
|
|
|
|
|
0.4
|
|
Texas
|
|
131.3
|
72.5
|
0.7
|
|
|
204.6
|
|
Payments not attributable
|
|
|
|
|
|
|
|
|
to projects
|
|
|
5.9
|
|
|
|
5.9
|
|
Total
|
|
161.2
|
883.7
|
7.3
|
19.2
|
|
1,071.4
|
|
(a)
|
Payments to states where BP has no extractive activities relate to
Escheatment of Royalties.
|
|
|
|
Other resources
bp payments to governments 2021
Detailed data filed with UK Registrar
extractives.companieshouse.gov.uk
bp annual and sustainability reporting
bp Sustainability Report
bp.com/sustainability
bp Annual Report and Form 20-F
bp.com/annualreport
Our positions on tax and transparency
bp.com/tax
bp economic impact reports
bp US Economic Impact Report
bp.com/economicimpact-us
bp's Impact on the UK Economy
bp.com/economicimpact-uk
Contacts
|
|
London
|
Houston
|
|
Press Office
|
David Nicholas
+44 (0)20 7496 4708
|
Brett Clanton
+1 281 366 8346
|
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
p.l.c.
|
|
|
(Registrant)
|
|
|
|
|
Dated: 24th
June 2022
|
|
|
|
/s/ Ben
J. S. Mathews
|
|
|
------------------------
|
|
|
Ben J.
S. Mathews
Company
Secretary
|