BP PLC Files 6-K Report

TL;DR

BP PLC filed a routine 6-K with the SEC on Feb 11, 2025, confirming its reporting status.

AI Summary

BP p.l.c. filed a Form 6-K on February 11, 2025, reporting for the period ended February 11, 2025. The filing indicates that BP p.l.c. is a foreign issuer and files annual reports under Form 20-F. The company's principal executive offices are located at 1 St James's Square, London, SW1Y 4PD, England.

Why It Matters

This filing serves as an update for investors regarding BP p.l.c.'s reporting status and corporate information with the SEC.

Risk Assessment

Risk Level: low — This filing is a standard procedural report and does not contain new material financial or operational information that would typically increase risk.

Key Players & Entities

• BP p.l.c. (company) — Registrant
• 1 ST JAMES'S SQUARE, LONDON, SW1Y 4PD, ENGLAND (location) — Principal executive offices
• February 11, 2025 (date) — Period ended and filing date

FAQ

Key Financial Figures

• $27.3b — l performance: 2024 Operating cash flow $27.3bn; 2024 Adjusted EBITDA $38.0bn; 2024 up
• $38.0b — cash flow $27.3bn; 2024 Adjusted EBITDA $38.0bn; 2024 upstream production 2,358mmboe/d
• $0.8 billion — ng non-core assets.   We delivered $0.8 billion structural cost reduction* in 2024. &
• $1.75 billion — Dividend per ordinary share of 8 cents; $1.75 billion share buyback announced for 4Q24. &#x
• $0.3 billion — hird quarter and full year 2024 include $0.3 billion to offset the expected dilution from th
• $0.7 billion — employee share schemes (full year 2023 $0.7 billion).   (c) See Note 10 for more
• $27.3 billion — 24, bp delivered operating cash flow of $27.3 billion. During the year, we introduced our tar
• $2 billion — troduced our target to deliver at least $2 billion of savings (a) by the end of 2026 rela
• $7 billion — per ordinary share by 10% and delivered $7 billion of share buybacks. Our focus on capital
• $1.2 billion — nderlying replacement cost (RC) profit* $1.2 billion       ● &
• $1.2 b — nderlying RC profit for the quarter was $1.2 billion, compared with $2.3 billion for t
• $2.3 billion — quarter was $1.2 billion, compared with $2.3 billion for the previous quarter. Compared with
• $2.0 — A0; Reported loss for the quarter was $2.0 billion, compared with a profit of
• $0.2 billion — #xA0;billion, compared with a profit of $0.2 billion for the third quarter 2024. The reporte
• $21 million — justed for inventory holding losses* of $21 million (pre-tax) and a net adverse impact of a

Filing Documents

• a5932w.htm (6-K) — 1961KB
• bplogo.jpg (GRAPHIC) — 2KB
• 0001654954-25-001297.txt ( ) — 1965KB

From the Filing

SEA PART 1 OF 1 a5932w 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 11 February, 2025     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| --------------- --------------       Top of page 1       FOR IMMEDIATE RELEASE London 11 February 2025   BP p.l.c. Group results Fourth quarter and full year 2024       “For a printer friendly version of this announcement please click on the link below to open a PDF version of the announcement”   http://www.rns-pdf.londonstockexchange.com/rns/5929W_1-2025-2-10.pdf   2024: Laying the foundation for growth   Financial summary     Fourth   Third   Fourth             quarter   quarter   quarter     Year   Year   $ million   2024   2024   2023     2024   2023   Profit (loss) for the period attributable to bp shareholders     (1,959)   206   371     381   15,239   Inventory holding (gains) losses*, net of tax   7   906   1,155     369   944   Replacement cost (RC) profit (loss)*     (1,952)   1,112   1,526     750   16,183   Net (favourable) adverse impact of adjusting items*, net of tax     3,121   1,155   1,465     8,165   (2,347)   Underlying RC profit*     1,169   2,267   2,991     8,915   13,836   Operating cash flow*     7,427   6,761   9,377     27,297   32,039   Capital expenditure*     (3,726)   (4,542)   (4,711)     (16,237)   (16,253)   Divestment and other proceeds (a)     2,761   290   300     4,224   1,843   Net issue (repurchase) of shares (b)     (1,625)   (2,001)   (1,350)     (7,127)   (7,918)   Net debt* (c)     22,997   24,268   20,912     22,997   20,912   Return on average capital employed (ROACE)* (%)             14.2%   18.1%   Adjusted EBITDA*     8,413   9,654   10,568     38,012   43,710   Adjusted EBIDA*             31,161   34,345   Announced dividend per ordinary share (cents per share)     8.000   8.000   7.270     31.270   28.420   Underlying RC profit per ordinary share* (cents)     7.36   13.89   17.77     54.40   79.69   Underlying RC profit per ADS* (dollars)     0.44   0.83   1.07     3.26   4.78     Highlights   ● Financial and operational performance: 2024 Operating cash flow $27.3bn; 2024 Adjusted EBITDA $38.0bn; 2024 upstream production 2,358mmboe/d, 2.0% higher than 2023. ● Driving focus and efficiency: High-grading portfolio, agreed to form offshore wind JV with JERA Co.,Inc, divesting non-core assets.   We delivered $0.8 billion structural cost reduction* in 2024. ● Growing our portfolio: FID taken on 10 major projects*, including Tangguh UCC project in Papua Barat, Indonesia; established a new gas joint venture, Arcius Energy with XRG; signed an agreement with ONGC as the technical services provider for the largest offshore oil field in India,

View Full Filing

View this 6-K filing on SEC EDGAR