BP PLC Files 4Q24 Trading Statement 6-K

TL;DR

BP dropped its 4Q24 trading statement, filing a 6-K with the SEC.

AI Summary

BP p.l.c. filed a Form 6-K on January 14, 2025, reporting its 4Q24 trading statement. The filing is for the period ended January 14, 2025, and indicates that BP p.l.c. files annual reports under Form 20-F.

Why It Matters

This filing provides investors with an update on BP's financial and operational performance for the fourth quarter of 2024, which can influence investment decisions.

Risk Assessment

Risk Level: low — This is a routine filing providing a trading statement update, not indicating any immediate significant financial distress or unexpected events.

Key Players & Entities

• BP p.l.c. (company) — Registrant
• BP AMOCO PLC (company) — Former Company Name
• BRITISH PETROLEUM CO PLC (company) — Former Company Name
• 1 ST JAMES'S SQUARE, LONDON, SW1Y 4PD, ENGLAND (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.1 — ave a favourable impact in the range of $0.1 - 0.2 billion including changes in non-
• $0.2 — an unfavourable impact in the range of $0.2 - 0.4 billion, including the impact of
• $2.8 b — ing proceeds from divestments of around $2.8 billion, the issuance of around $2.5 bill
• $2.5 billion — nd $2.8 billion, the issuance of around $2.5 billion perpetual hybrid bonds primarily in ant
• $3.0 billion — h 2026, and acquired net debt of around $3.0 billion from the completion of the bp Bunge Bio
• $1.0 — t-tax charges related to impairments of $1.0 - 2.0 billion attributable across the s
• $0.6 billion — e underlying annual charge to be around $0.6 billion for 2024 compared to the previous range
• $0.3 — 2024 compared to the previous range of $0.3 - 0.4 billion due to foreign exchange l
• $74.73 — ; Trading conditions Brent averaged $74.73/bbl in the fourth quarter 2024 compared
• $80.34 — in the fourth quarter 2024 compared to $80.34/bbl in the third quarter 2024. 
• $2.79 — Henry Hub first of month index averaged $2.79/mmBtu in the fourth quarter 2024 compar
• $2.15 — in the fourth quarter 2024 compared to $2.15/mmBtu in the third quarter 2024. &#xA
• $13.1 — r 2024.   The bp RMM* averaged $13.1/bbl in the fourth quarter 2024 compared
• $16.5 — in the fourth quarter 2024 compared to $16.5/bbl in the third quarter 2024.  
• $16b —   Capital expenditure* Around $16bn   Divestment and other procee

Filing Documents

• a1631t.htm (6-K) — 62KB
• a1631t000.jpg (GRAPHIC) — 2KB
• a1631t001.jpg (GRAPHIC) — 1KB
• 0001654954-25-000308.txt ( ) — 67KB

forward-looking statements - that is, statements related to future,

forward-looking statements - that is, statements related to future, not past events and circumstances - with respect to the financial condition, results of operations and businesses of bp and certain of the plans and objectives of bp with respect to these items. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will or may occur in the future and are outside the control of bp. Actual results or outcomes, may differ materially from those expressed in such statements, depending on a variety of factors, including (without limitation): price fluctuations in crude oil and natural gas; changes in demand for bp's products; currency fluctuations; drilling and production results; reserves estimates; sales volume and sales mix numbers; supply and demand imbalances including as a result of direct or indirect restrictions on production; regional pricing differentials and refining margins; seasonal impacts on product demand and operating expenses; resolution of trading and derivative positions for the quarter; the timing and level of maintenance and/or turnaround activity; the timing and volume of refinery additions and outages; the timing of bringing new fields onstream; natural disasters and adverse weather conditions; changes in public expectations and other changes to business conditions; wars and acts of terrorism; cyber-attacks or sabotage as well as those factors discussed under "Risk factors" in bp's Annual Report and Form 20-F 2023 and under "Principal risks and uncertainties" in bp's Report on Form 6-K for the three months and six months ended 30 June 2024, each as filed with the US Securities and Exchange Commission. Furthermore, additional factors may exist that will be relevant to bp's group results for the fourth quarter and full year of 2024 that are not currently known or fully understood. Neither bp nor any of its subsidiaries assumes any obligation to update, revise or supplem

SIGNATURES

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: 14 January 2025     /s/ Ben J. S. Mathews   ------------------------   Ben J. S. Mathews   Company Secretary

View Full Filing

View this 6-K filing on SEC EDGAR