Bp PLC 6-K, filed Jun 22, 2023
Bp PLC (BP)
6-K
2023-06-22
For: 2023-06-22
View Original
Added on
April 08, 2026
About this 6-K
Bp PLC filed this 6-K on June 22, 2023.
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 22 June, 2023
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
1.1
|
Payments
to Govts 2022 Part 1 of 1 on 22 June 2023
|
|
|
|
Exhibit 1.1
|
BP p.l.c.
Report on payments to governments
Year ended 31 December 2022
|
|
Contents
|
Introduction
|
3
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|
Basis of preparation
|
3
|
|
Payments overview
|
6
|
|
Payments by country
|
7
|
|
Other resources
|
29
|
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 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
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 2022 such as 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
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
The
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, procurement (contractor’s withholding
taxes), property and environmental taxes, , 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 2022,
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 2022, 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
|
|
181.1
|
|
0.2
|
|
|
181.2
|
|
Angola
|
1,435.7
|
459.9
|
|
0.2
|
|
0.4
|
1,896.2
|
|
Argentina
|
|
0.4
|
|
|
|
|
0.4
|
|
Australia
|
|
434.0
|
220.0
|
|
|
|
654.0
|
|
Azerbaijan
|
19,311.5
|
1,009.1
|
|
2.6
|
450.0
|
|
20,773.2
|
|
Brazil
|
|
|
|
73.9.
|
|
|
73.9
|
|
Canada
|
|
|
|
46.0
|
|
|
46.0
|
|
Egypt
|
|
176.6
|
|
2.8
|
10.0
|
|
189.4
|
|
India
|
7.6
|
|
|
|
|
|
7.6
|
|
Indonesia
|
458.8
|
341.3
|
|
|
28.2
|
|
828.3
|
|
Iraq
|
|
112.8
|
|
|
|
|
112.8
|
|
Mauritania
|
|
|
|
22.9
|
1.0
|
0.6
|
24.5
|
|
Mexico
|
|
3.7
|
|
5.2
|
|
|
8.9
|
|
Oman
|
1,856.3
|
339.0
|
|
0.5
|
|
|
2,195.8
|
|
Russia
|
|
0.6
|
|
|
|
|
0.6
|
|
São Tomé and Príncipe
|
|
|
|
0.5
|
|
1.0
|
1.5
|
|
Senegal
|
|
|
|
0.7
|
|
0.6
|
1.2
|
|
Trinidad and Tobago
|
|
951.5
|
|
1.9
|
|
|
953.4
|
|
United Arab Emirates
|
|
5,798.6
|
|
5.8
|
|
|
5,804.5
|
|
United Kingdom
|
|
1,271.3
|
|
6.9
|
|
|
1,278.2
|
|
United States
|
|
431.6
|
1,152.7
|
10.4
|
22.2
|
|
1,616.9
|
|
Total
|
23,069.9
|
11,511.6
|
1,372.7
|
180.3
|
511.4
|
2.6
|
36,648.6
|
Payments by country
Algeria
$
million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Ministère
des Finances – Direction
|
|
|
|
|
|
|
|
|
Générale
des Impôts
|
|
(a)181.1
|
|
|
|
|
181.1
|
|
Sonatrach
|
|
|
|
0.2
|
|
|
0.2
|
|
Total
|
|
181.1
|
|
0.2
|
|
|
181.2
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
In Amenas
|
|
(b)116.8
|
|
0.2
|
|
|
116.9
|
|
In Salah
|
|
(c)64.3
|
|
|
|
|
64.3
|
|
Total
|
|
181.1
|
|
0.2
|
|
|
181.2
|
|
(a)
|
Includes
$149.8 million of taxes settled by Sonatrach on bp’s behalf
out of entitlement, pursuant to the relevant
agreements.
|
|
(b)
|
Includes
$85.5 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
|
|
Administração Geral Tributaria
|
|
3.5
|
|
|
|
|
3.5
|
|
ANPG - Concessionaire
|
(a)731.5
|
|
|
|
|
|
731.5
|
|
Ministry of Finance
|
|
451.7
|
|
0.2
|
|
|
451.8
|
|
Ministry of Petroleum
|
|
4.7
|
|
|
|
|
4.7
|
|
Rise Angola
|
|
|
|
|
|
0.4
|
0.4
|
|
Sonangol P&P
|
(b)704.2
|
|
|
|
|
|
704.2
|
|
Total
|
1,435.7
|
459.9
|
|
0.2
|
|
0.4
|
1,896.2
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Block 15
|
|
82.1
|
|
|
|
|
82.1
|
|
Block 17
|
|
178.7
|
|
|
|
|
178.7
|
|
Block 18
|
(c)761.2
|
145.9
|
|
0.2
|
|
0.4
|
907.7
|
|
Block 31
|
(d)674.5
|
53.1
|
|
|
|
|
727.7
|
|
Total
|
1,435.7
|
459.9
|
|
0.2
|
|
0.4
|
1,896.2
|
|
(a)
|
Payments
in kind for 6.8 million bbl of crude oil valued per the production
sharing agreement.
|
|
(b)
|
Payments
in kind for 6.7 million bbl of crude oil valued per the production
sharing agreement.
|
|
(c)
|
Payments
in kind for 7.0million bbl of crude oil valued per the production
sharing agreement.
|
|
(d)
|
Payments
in kind for 6.5 million bbl 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
|
|
0.4
|
|
|
|
|
0.4
|
|
Total
|
|
0.4
|
|
|
|
|
0.4
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Payments not attributable
|
|
|
|
|
|
|
|
|
to projects
|
|
0.4
|
|
|
|
|
0.4
|
|
Total
|
|
0.4
|
|
|
|
|
0.4
|
Australia
$
million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Australian Taxation Office
|
|
434.0
|
|
|
|
|
434.0
|
|
Department of Mines, Industry
|
|
|
|
|
|
|
|
|
Regulation and Safety
|
|
|
220.0
|
|
|
|
220.0
|
|
Total
|
|
434.0
|
220.0
|
|
|
|
654.0
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
North West Shelf
|
|
434.0
|
220.0
|
|
|
|
654.0
|
|
Total
|
|
434.0
|
220.0
|
|
|
|
654.0
|
Azerbaijan
$
million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Azerbaijan (ACG) Ltd. (SOCAR
|
|
|
|
|
|
|
|
|
subsidiary)
|
(a)1,332.4
|
|
|
|
|
|
1,332.4
|
|
Azerbaijan (Shah Deniz) Ltd.
|
|
|
|
|
|
|
|
|
(SOCAR subsidiary)
|
(b)2,072.2
|
|
|
|
|
|
2,072.2
|
|
Ministry of Taxes
|
|
(h)1,009.1
|
|
|
|
|
1,009.1
|
|
SGC Upstream LLC
|
(c)995.1
|
|
|
|
|
|
995.1
|
|
State Oil Company of Azerbaijan
|
|
|
|
|
|
|
|
|
Republic (SOCAR)
|
(d)260.0
|
|
|
|
|
|
260.0
|
|
State Oil Fund of Azerbaijan
|
(e)14,651.8
|
|
|
2.6
|
450.0
|
|
15,104.4
|
|
Total
|
19,311.5
|
1,009.1
|
|
2.6
|
450.0
|
|
20,773.2
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Azeri-Chirag-Deepwater
|
|
|
|
|
|
|
|
|
Gunashli – PSA
|
(f)11,602.8
|
219.4
|
|
|
450.0
|
|
12,272.2
|
|
Shafag-Asiman – PSA
|
|
|
|
2.1
|
|
|
2.1
|
|
Shah Deniz – PSA
|
(g)7,708.7
|
(i)789.7
|
|
|
|
|
8,498.4
|
|
Shallow Water Absheron
|
|
|
|
|
|
|
|
|
Peninsula (SWAP) PSA
|
|
|
|
0.5
|
|
0.5
|
|
|
Total
|
19,311.5
|
1,009.1
|
|
2.6
|
450.0
|
|
20,773.2
|
|
(a)
|
Payments
in kind for 13.2 million bbls of crude oil valued at netback value
per the production sharing agreement
|
|
(b)
|
Includes
payments in kind of $331.1 million for 3.5 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 $167.9 million for 1.8 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 2.6 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 $10,822.9 million for 108.2 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 $11,342.8 million for 112.9 million bbls of
crude oil valued at netback value per the production sharing
agreement and payments in kind of $260.0 million for 2.6 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 $1,311.5 million for 13.7 million bbls of crude
oil valued at netback value per the production sharing agreement
and the remaining production entitlement was paid in
cash.
|
|
(h)
|
Includes
$789.7 million of taxes settled by SOCAR on bp’s behalf out
of entitlement, pursuant to the relevant agreements.
|
|
(i)
|
Pursuant
to the relevant agreements, SOCAR paid these taxes on bp’s
behalf out of revenue entitlements.
|
Brazil
$
million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Agencia Nacional do Petroleo, Gas
|
|
|
|
|
|
|
|
|
Natural e Biocombustíveis
|
|
|
|
0.7
|
|
|
0.7
|
|
Petrobras
|
|
|
|
73.2
|
|
|
73.2
|
|
Total
|
|
|
|
73.9
|
|
|
73.9
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
CM-477
|
|
|
|
0.2
|
|
|
0.2
|
|
CM-755
|
|
|
|
0.3
|
|
|
0.3
|
|
CM-793
|
|
|
|
0.3
|
|
|
0.3
|
|
FOZ-127
|
|
|
|
8.0
|
|
|
8.0
|
|
FOZ-57
|
|
|
|
16.5
|
|
|
16.5
|
|
FOZ-59
|
|
|
|
35.8
|
|
|
35.8
|
|
FOZ-88
|
|
|
|
12.6
|
|
|
12.6
|
|
S-M-1500
|
|
|
|
0.1
|
|
|
0.1
|
|
Total
|
|
|
|
73.9
|
|
|
73.9
|
Canada
$
million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Canada Newfoundland Offshore
|
|
|
|
1.9
|
|
|
1.9
|
|
Canada Revenue Agency
|
|
|
|
42.7
|
|
|
42.7
|
|
Government of Alberta
|
|
|
|
0.4
|
|
|
0.4
|
|
Natural Resources Canada
|
|
|
|
1.1
|
|
|
1.1
|
|
Total
|
|
|
|
46.0
|
|
|
46.0
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Newfoundland Exploration
|
|
|
|
2.9
|
|
|
2.9
|
|
Nova Scotia Exploration
|
|
|
|
42.7
|
|
|
42.7
|
|
Terre De Grace
|
|
|
|
0.4
|
|
|
0.4
|
|
Total
|
|
|
|
46.0
|
|
|
46.0
|
Egypt
$
million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Egyptian General Petroleum
|
|
|
|
2.6
|
10.0
|
|
12.6
|
|
Egyptian Natural Gas Holding
|
|
|
|
|
|
|
|
|
Company (EGAS)
|
|
|
|
0.3
|
|
|
0.3
|
|
Egyptian Tax Authority
|
|
(a)176.6
|
|
|
|
|
176.6
|
|
Total
|
|
176.6
|
|
2.8
|
10.0
|
|
189.4
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Baltim
|
|
(a)48.3
|
|
|
|
|
48.3
|
|
El Qaraa
|
|
(a)21.8
|
|
|
|
|
21.8
|
|
North Damietta
|
|
(a)15.7
|
|
|
|
|
15.7
|
|
North El Salum & North El Tabya
|
|
|
|
0.3
|
|
|
0.3
|
|
Ras El Bar
|
|
(a)33.5
|
|
|
|
|
33.5
|
|
Temsah
|
|
(a)12.7
|
|
|
|
|
12.7
|
|
West Nile Delta
|
|
|
|
2.6
|
10.0
|
|
12.6
|
|
Zohr
|
|
(a)44.5
|
|
|
|
|
44.5
|
|
Total
|
|
176.6
|
|
2.8
|
10.0
|
|
189.4
|
|
(a)
|
Pursuant
to the relevant agreements, Egypt General Petroleum Corporation
paid these taxes on bp's behalf out of production
entitlement
|
India
$
million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Ministry of Petroleum and
|
|
|
|
|
|
|
|
|
Natural Gas
|
7.6
|
|
|
|
|
|
7.6
|
|
Total
|
7.6
|
|
|
|
|
|
7.6
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
KG D6 KG-DWN-98/3
|
7.6
|
|
|
|
|
|
7.6
|
|
Total
|
7.6
|
|
|
|
|
|
7.6
|
Indonesia
$
million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Direktorat Jenderal Minyak dan
Gas
|
|
|
|
|
28.2
|
|
28.2
|
|
Ministry of Finance
|
(a)458.8
|
341.3
|
|
|
|
|
800.1
|
|
Total
|
458.8
|
341.3
|
|
|
|
|
828.3
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Tangguh
|
(a)458.8
|
341.3
|
|
|
28.2
|
|
828.3
|
|
Total
|
458.8
|
341.3
|
|
|
28.2
|
|
828.3
|
|
(a)
|
Includes
payments in kind of $87.1 million for 1.1million 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
|
|
General Commission for Taxes
|
|
112.8
|
|
|
|
|
112.8
|
|
Total
|
|
112.8
|
|
|
|
|
112.8
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Rumaila
|
|
112.8
|
|
|
|
|
112.8
|
|
Total
|
|
112.8
|
|
|
|
|
112.8
|
Mauritania
$
million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Ministry of Petroleum, Energy and
|
|
|
|
|
|
|
|
|
Mines
|
|
|
|
22.9
|
1.0
|
0.6
|
24.5
|
|
Total
|
|
|
|
22.9
|
1.0
|
0.6
|
24.5
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
BirAllah
|
|
|
|
0.1
|
1.0
|
|
1.1
|
|
Block C12
|
|
|
|
22.1
|
|
|
22.1
|
|
Block C8
|
|
|
|
0.7
|
|
|
0.7
|
|
Payments not attributable
|
|
|
|
|
|
|
|
|
to projects
|
|
|
|
|
|
0.6
|
0.6
|
|
Total
|
|
|
|
22.9
|
1.0
|
0.6
|
24.5
|
Mexico
$
million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Fondo Mexicano del Petróleo
|
|
|
|
5.2
|
|
|
5.2
|
|
Sistema de administración
|
|
|
|
|
|
|
|
|
Tributaria
|
|
3.7
|
|
|
|
|
3.7
|
|
Total
|
|
3.7
|
|
5.2
|
|
|
8.9
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Cuencas del Sureste 34 R3
|
|
0.9
|
|
0.7
|
|
|
1.6
|
|
Cuenca Salina 1 R1
|
|
2.9
|
|
4.5
|
|
|
7.4
|
|
Total
|
|
3.7
|
|
5.2
|
|
|
8.9
|
Oman
$
million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Makarim Gas Development
|
(a)938.8
|
|
|
|
|
|
938.8
|
|
Ministry of Energy and
|
|
|
|
|
|
|
|
|
Minerals
|
(b)917.5
|
|
|
0.5
|
|
|
918.0
|
|
Ministry of Finance
|
|
3390
|
|
|
|
|
339.0
|
|
Total
|
1,856.3
|
339.0
|
|
0.5
|
|
|
2,195.8
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Khazzan
|
(a)(b)1,856.3
|
339.0
|
|
0.5
|
|
|
2,195.8
|
|
Total
|
1,856.3
|
339.0
|
|
0.5
|
|
|
2,195.8
|
|
(a)
|
Comprises
payments in kind of $447.8 million for 4.6 million bbls of
condensates valued at market prices, $489.1 million for 143.6
million mmBtu of gas valued per the Gas Sales Agreement and $1.9
million was paid in cash.
|
|
(b)
|
Comprises
payments in kind of $573.9 million for 6.3 million bbls of
condensates valued at market prices, $340.9 million for 100.0
million mmBtu of gas valued per the Gas Sales Agreement and $2.7
million was paid in cash.
|
Russia
$
million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Ministry of Finance
|
|
0.6
|
|
|
|
|
0.6
|
|
Total
|
|
0.6
|
|
|
|
|
0.6
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Payments not attributable
|
|
|
|
|
|
|
|
|
to projects
|
|
0.6
|
|
|
|
|
0.6
|
|
Total
|
|
0.6
|
|
|
|
|
0.6
|
São Tomé and Príncipe
$
million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Agência Nacional do Petróleo
|
|
|
|
0.5
|
|
1.0
|
1.5
|
|
Total
|
|
|
|
0.5
|
|
1.0
|
1.5
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Block 10
|
|
|
|
0.2
|
|
0.5
|
0.8
|
|
Block 13
|
|
|
|
0.2
|
|
0.5
|
0.8
|
|
Total
|
|
|
|
0.5
|
|
1.0
|
1.5
|
Senegal
$
million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Ministry of Health
|
|
|
|
|
|
0.6
|
0.6
|
|
Société des pétroles du
Sénégal
|
|
|
|
0.7
|
|
|
0.7
|
|
Total
|
|
|
|
0.7
|
|
0.6
|
1.2
|
|
|
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
|
|
Greater
Tortue Ahmeyim
|
|
|
|
|
|
0.6
|
0.6
|
|
Total
|
|
|
|
0.7
|
|
0.6
|
1.2
|
Trinidad and Tobago
$
million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Board of Inland Revenue
|
|
503.8
|
|
|
|
|
503.8
|
|
Ministry of Energy and
|
|
|
|
|
|
|
|
|
Energy Industries
|
|
447.7
|
|
1.9
|
|
|
449.6
|
|
Total
|
|
951.5
|
|
1.9
|
|
|
953.4
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Block 5B
|
|
|
|
1.8
|
|
|
1.8
|
|
BPTT Blocks
|
|
951.5
|
|
0.1
|
|
|
951.7
|
|
Total
|
|
951.5
|
|
1.9
|
|
|
953.4
|
United Arab Emirates
$
million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Abu Dhabi National Oil Company
|
|
|
|
|
|
|
|
|
Company
|
|
|
|
5.8
|
|
|
5.8
|
|
Department of Finance
|
|
|
|
|
|
|
|
|
Abu Dhabi
|
|
5,798.6
|
|
|
|
|
5,798.6
|
|
Total
|
|
5,798.6
|
|
5.8
|
|
|
5,804.5
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
ADCO Concession (Onshore)
|
|
5,798.6
|
|
5.8
|
|
|
5,804.5
|
|
Total
|
|
5,798.6
|
|
5.8
|
|
|
5,804.5
|
United Kingdom
$
million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
GOVERNMENTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
HM Revenue and Customs
|
|
(a)(b)1,271.3
|
|
|
|
|
1,271.3
|
|
Oil and Gas Authority
|
|
|
|
6.9
|
|
|
6.9
|
|
Total
|
|
1,271.3
|
|
6.9
|
|
|
1278.2
|
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Andrew
|
|
|
|
0.4
|
|
|
0.4
|
|
Clair
|
|
|
|
0.4
|
|
|
0.4
|
|
Decommissioning
|
|
(a)(11.4)
|
|
|
|
|
(11.4)
|
|
ETAP
|
|
|
|
0.8
|
|
|
0.8
|
|
Exploration
|
|
|
|
1.6
|
|
|
1.6
|
|
Foinaven
|
|
|
|
1.4
|
|
|
1.4
|
|
Murlach
|
|
|
|
0.2
|
|
|
0.2
|
|
Non-Operated
|
|
(a)(7.2)
|
|
0.1
|
|
|
(7.1)
|
|
Payments not attributable
|
|
|
|
|
|
|
|
|
to projects
|
|
(a)(b)1,289.9
|
|
|
|
|
1,289.9
|
|
Schiehallion
|
|
|
|
1.9
|
|
|
1.9
|
|
Total
|
|
1,271.3
|
|
6.9
|
|
|
1,278.2
|
|
(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
$
million
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|||
|
GOVERNMENTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|||
|
Federal
Government
|
|
160.0
|
|
|
|
|
160.0
|
|||
|
Office
of Natural Resources
|
|
|
|
|
|
|
|
|
|
|
|
Revenue
|
|
|
1.1
|
|
|
|
1.1
|
|||
|
Office
of Natural Resources
|
|
|
|
|
|
|
|
|||
|
Revenue/Department
of the
|
|
|
|
|
|
|
|
|||
|
Interior
|
|
|
947.7
|
9.7
|
22.2
|
|
979.6
|
|||
|
State
of Alaska
|
|
0.3
|
|
|
|
|
0.3
|
|||
|
State
of Colorado
|
|
0.3
|
|
|
|
|
0.3
|
|||
|
State
of Louisiana
|
|
65.2
|
(a)15.7
|
|
|
|
80.8
|
|||
|
State
of New Mexico
|
|
0.3
|
(a)0.5
|
|
|
|
0.8
|
|||
|
State
of Oklahoma
|
|
|
(a)1.2
|
|
|
|
1.2
|
|||
|
State
of Texas
|
|
205.4
|
(a)186.5
|
0.7
|
|
|
392.6
|
|||
|
Total
|
|
431.6
|
1,152.7
|
10.4
|
22.2
|
|
1,616.9
|
|||
|
|
|
|
|
|
|
|
|
|||
|
|
Production
|
|
|
|
|
Infrastructure
|
|
|
PROJECTS
|
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
improvements
|
Total
|
|
Alaska
|
|
0.3
|
|
|
|
|
0.3
|
|
Colorado
|
|
0.3
|
|
|
|
|
0.3
|
|
Gulf of Mexico - Central
|
|
|
909.2
|
9.5
|
22.2
|
|
940.9
|
|
Gulf of Mexico - Western
|
|
|
38.5
|
0.2
|
|
|
38.7
|
|
Louisiana
|
|
65.2
|
15.7
|
|
|
|
80.8
|
|
New Mexico
|
|
0.3
|
0.5
|
|
|
|
0.8
|
|
Onshore Fed
|
|
|
1.1
|
|
|
|
1.1
|
|
Oklahoma
|
|
|
1.2
|
|
|
|
1.2
|
|
Texas
|
|
205.4
|
186.5
|
0.7
|
|
|
392.6
|
|
Payments not attributable
|
|
|
|
|
|
|
|
|
to projects
|
|
160.0
|
|
|
|
|
160.0
|
|
Total
|
|
431.6
|
1,152.7
|
10.4
|
22.2
|
|
1,616.9
|
|
(a)
|
Payments
to states where bp has no extractive activities relate to
Escheatment of Royalties.
|
|
|
|
Other resources
bp payments to governments 2022
Detailed
data filed with UK Registrar
extractives.companieshouse.gov.uk
bp annual and sustainability reporting
bp
Annual Report and Form 20-F 2022
bp.com/annualreport
bp
sustainability report 2022
bp.com/sustainability
bp tax
report 2022
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
|
Press
Office
|
London
|
Houston
|
|
|
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: 22
June 2023
|
|
|
|
/s/ Ben
J. S. Mathews
|
|
|
------------------------
|
|
|
Ben J.
S. Mathews
|
|
|
Company
Secretary
|