BP p.l.c.
Report on Payments to
Governments
Year ended 31 December
2023
|
|
Contents
Introduction
|
3
|
Basis of
preparation
|
3
|
Payments
overview
|
6
|
Payments by
country
Algeria
Angola
Argentina
Australia
Azerbaijan
Brazil
Canada
Egypt
India
Indonesia
Iraq
Israel
Mauritania
Mexico
Oman
Senegal
Trinidad
and Tobago
United
Arab Emirates
United
Kingdom
United
States
|
7
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
|
Other
resources
|
27
|
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 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 Other resources on
page 29 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 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 2023, 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
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, 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 2023,
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
2023, 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
|
Algeria
|
|
30.4
|
|
|
|
|
30.4
|
Angola
|
|
2.1
|
|
|
|
|
2.1
|
Argentina
|
|
0.1
|
|
|
|
|
0.1
|
Australia
|
|
582.8
|
119.0
|
11.7
|
|
|
713.6
|
Azerbaijan
|
12,645.6
|
883.5
|
|
2.1
|
450.0
|
|
13,981.2
|
Brazil
|
|
(2.5)
|
|
1.2
|
1.7
|
|
0.4
|
Canada
|
|
|
|
1.4
|
|
|
1.4
|
Egypt
|
|
389.2
|
|
2.7
|
12.7
|
|
404.6
|
India
|
16.0
|
|
|
|
|
|
16.0
|
Indonesia
|
410.6
|
280.9
|
|
0.1
|
|
|
691.6
|
Iraq
|
|
53.7
|
|
|
|
|
53.7
|
Israel
|
|
|
|
|
1.7
|
|
1.7
|
Mauritania
|
|
|
|
1.3
|
|
0.1
|
1.5
|
Mexico
|
|
0.2
|
|
77.7
|
|
|
77.9
|
Oman
|
2,314.5
|
911.9
|
|
1.8
|
|
|
3,228.3
|
Senegal
|
|
|
|
0.7
|
|
|
0.7
|
Trinidad and
Tobago
|
|
419.2
|
|
3.8
|
|
|
423.0
|
United Arab
Emirates
|
|
4,913.3
|
|
6.0
|
|
|
4,919.2
|
United
Kingdom
|
|
1,822.1
|
|
8.0
|
|
|
1,830.1
|
United
States
|
|
104.1
|
1,145.0
|
14.1
|
50.6
|
|
1,313.8
|
Total
|
15,386.7
|
10,391.0
|
1,264.0
|
132.6
|
516.7
|
0.1
|
27,691.3
|
Payments by country
Algeria
$
million
Government
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Sonatrach
|
|
21.3
|
|
|
|
|
21.3
|
Treasury
and Accounting
Management
(of the State's
Financial
Operations)
|
|
9.2
|
|
|
|
|
9.2
|
Total
|
|
30.4
|
|
|
|
|
30.4
|
Projects
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
BP
Exploration Operating
|
|
9.2
|
|
|
|
|
9.2
|
In
Amenas
|
|
10.5
|
|
|
|
|
10.5
|
In
Salah
|
|
10.8
|
|
|
|
|
10.8
|
Total
|
|
30.4
|
|
|
|
|
30.4
|
Angola
$
million
Governments
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Ministry
of Finance
|
|
2.1
|
|
|
|
|
2.1
|
Total
|
|
2.1
|
|
|
|
|
2.1
|
Projects
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Payments
not attributable to
projects
|
|
2.1
|
|
|
|
|
2.1
|
Total
|
|
2.1
|
|
|
|
|
2.1
|
Argentina
$
million
Governments
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Administracion Federal de Ingresos Publicos
|
|
0.1
|
|
|
|
|
0.1
|
Total
|
|
0.1
|
|
|
|
|
0.1
|
Projects
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Payments
not attributable to projects
|
|
0.1
|
|
|
|
|
0.1
|
Total
|
|
0.1
|
|
|
|
|
0.1
|
Australia
$
million
Governments
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Australian Taxation Office
|
|
582.8
|
|
8.6
|
|
|
591.4
|
Department of Mines, Industry Regulation and
Safety
|
|
|
119.0
|
2.2
|
|
|
121.3
|
Department of Finance
|
|
|
|
0.9
|
|
|
0.9
|
Total
|
|
582.8
|
119.0
|
11.7
|
|
|
713.6
|
Projects
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
North
West Shelf
|
|
582.8
|
119.0
|
11.7
|
|
|
713.6
|
Total
|
|
582.8
|
119.0
|
11.7
|
|
|
713.6
|
Azerbaijan
$
million
Governments
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Azerbaijan (ACG) Ltd. (SOCAR subsidiary)
|
1,067.3(a)
|
|
|
|
|
|
1,067.3
|
Azerbaijan (Shah Deniz) Ltd. (SOCAR
subsidiary)
|
431.3(b)
|
|
|
|
|
|
431.3
|
Ministry
of Taxes
|
|
883.5(h)
|
|
|
|
|
883.5
|
SGC
Upstream LLC
|
1,395.1(c)
|
|
|
|
|
|
1,395.1
|
State Oil
Company of Azerbaijan Republic (SOCAR)
|
184.7(d)
|
|
|
|
|
|
184.7
|
State Oil
Fund of Azerbaijan (SOFAZ)
|
9,567.1(e)
|
|
|
2.1
|
450.0
|
|
10,019.3
|
Total
|
12,645.6
|
883.5
|
|
2.1
|
450.0
|
|
13,981.2
|
Projects
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Azeri-Chirag-Deepwater Gunashli - PSA
|
8,118.8(f)
|
103.6
|
|
|
450.0
|
|
8,672.4
|
Shafag-Asiman - PSA
|
|
|
|
2.1
|
|
|
2.1
|
Shah
Deniz - PSA
|
4,526.8(g)
|
779.9(i)
|
|
|
|
|
5,306.7
|
Total
|
12,645.6
|
883.5
|
|
2.1
|
450.0
|
|
13,981.2
|
(a) Payments in kind for
12.9 million barrels of crude oil valued at netback value per the
production sharing agreement.
(b) Includes payments in
kind of $74.8 million for 1.0 million barrels 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 $358.4 million for 4.5 million barrels 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
2.0 billion cubic metres of associated residue natural gas valued
on the basis of gas prices realized in a similar Azerbaijan
project.
(e) Includes payments in
kind of $7,509.3 million for 91.5 million barrels 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 $7,934.1 million for 96.3 million barrels of
crude oil valued at netback value per the production sharing
agreement and payments in kind of $184.7 million for 2.0 billion
cubic metres of associated residue natural gas valued on the basis
of gas prices realized in a similar Azerbaijan
project.
(g) Includes payments in
kind of $1,075.8 million for 13.7 million barrels of crude oil
valued at netback value per the production sharing agreement and
the remaining production entitlement was paid in
cash.
(h) Includes $779.9
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
Governments
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Agencia
Nacional do Petroleo, Gas Natural e
Biocombustíveis (ANP)
|
|
|
|
0.9
|
1.7
|
|
2.6
|
Petrobras
|
|
|
|
0.3
|
|
|
0.3
|
Secretaria da Receita Federal
|
|
(2.5)(a)
|
|
|
|
|
(2.5)
|
Total
|
|
(2.5)
|
|
1.2
|
1.7
|
|
0.4
|
(a)
Income tax refund related to 2011.
Projects
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Bumerangue
|
|
|
|
|
1.7
|
|
1.7
|
CM-477
|
|
|
|
0.3
|
|
|
0.3
|
CM-755
|
|
|
|
0.4
|
|
|
0.4
|
CM-793
|
|
|
|
0.4
|
|
|
0.4
|
S-M-1500
|
|
|
|
0.2
|
|
|
0.2
|
Payments
not attributable to projects
|
|
(2.5)
|
|
|
|
|
(2.5)
|
Total
|
|
(2.5)
|
|
1.2
|
1.7
|
|
0.4
|
Canada
$
million
Governments
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Canada
Newfoundland and Labrador Offshore Petroleum Board
|
|
|
|
0.5
|
|
|
0.5
|
Government of The Province of
Alberta
|
|
|
|
0.5
|
|
|
0.5
|
Natural
Resources Canada
|
|
|
|
0.4
|
|
|
0.4
|
Total
|
|
|
|
1.4
|
|
|
1.4
|
Projects
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Newfoundland Exploration
|
|
|
|
0.9
|
|
|
0.9
|
Terre De
Grace
|
|
|
|
0.5
|
|
|
0.5
|
Total
|
|
|
|
1.4
|
|
|
1.4
|
Egypt
$
million
Governments
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Production
improvements
|
Total
|
Egyptian
General Petroleum
|
|
|
|
2.7
|
12.7
|
|
15.4
|
Egyptian
Tax Authority
|
|
389.2(a)
|
|
|
|
|
389.2
|
Total
|
|
389.2
|
|
2.7
|
12.7
|
|
404.6
|
Projects
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Baltim
|
|
48.7(a)
|
|
|
|
|
48.7
|
El
Qaraa
|
|
18.8(a)
|
|
|
0.8
|
|
19.6
|
North
Damietta
|
|
172.2(a)
|
|
|
|
|
172.2
|
North El
Hammad
|
|
19.7(a)
|
|
|
|
|
19.7
|
Ras El
Bar
|
|
20.5(a)
|
|
|
|
|
20.5
|
Temsah
|
|
14.6(a)
|
|
|
|
|
14.6
|
UGDC
|
|
0.2(a)
|
|
|
|
|
0.2
|
West
Mediterranean
|
|
29.0(a)
|
|
|
|
|
29.0
|
West Nile
Delta
|
|
|
|
2.7
|
12.0
|
|
14.6
|
Zohr
|
|
65.4(a)
|
|
|
|
|
65.4
|
Total
|
|
389.2
|
|
2.7
|
12.7
|
|
404.6
|
(a)
|
Pursuant to the relevant agreements, Egypt General Petroleum
Corporation paid these taxes on bp's behalf out of production
entitlement.
|
India
$
million
Governments
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Ministry
of Petroleum and Natural Gas
|
16.0
|
|
|
|
|
|
16.0
|
Total
|
16.0
|
|
|
|
|
|
16.0
|
Projects
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
KG D6
KG-DWN-98/3
|
16.0
|
|
|
|
|
|
16.0
|
Total
|
16.0
|
|
|
|
|
|
16.0
|
Indonesia
$
million
Governments
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Ministry
of Finance
|
410.6(a)
|
280.9
|
|
|
|
|
691.5
|
SKKMIGAS
|
|
|
|
0.1(b)
|
|
|
0.1
|
Total
|
410.6
|
280.9
|
|
0.1
|
|
|
691.6
|
Projects
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Tangguh
|
410.6(a)
|
280.9
|
|
0.1(b)
|
|
|
691.6
|
Total
|
410.6
|
280.9
|
|
0.1
|
|
|
691.6
|
(a)
|
Includes payments in kind of $60.3 million for 0.9 million
barrels of condensates valued per the production sharing agreement.
The remaining production entitlement for LNG was paid in
cash.
|
(b)
|
Payments totalling $5.2 million in relation to the same North
Shore Housing and clean water well programs were made in the period
2017 to 2022. Those payments were previously treated as
infrastructure improvements which bp expect to report when the
relevant assets are handed over to the government or local
community. For 2023 bp is reporting as cash payments on a cash
basis.
|
Iraq
$
million
Governments
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
General
Commission for Taxes
|
|
53.7
|
|
|
|
|
53.7
|
Total
|
|
53.7
|
|
|
|
|
53.7
|
Projects
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Rumaila
|
|
53.7
|
|
|
|
|
53.7
|
Total
|
|
53.7
|
|
|
|
|
53.7
|
Israel
$
million
Governments
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Ministry
of Energy and
Infrastructure
|
|
|
|
|
1.7
|
|
1.7
|
Total
|
|
|
|
|
1.7
|
|
1.7
|
Projects
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Licences
in
Zone
I
|
|
|
|
|
1.7
|
|
1.7
|
Total
|
|
|
|
|
1.7
|
|
1.7
|
Mauritania
$
million
Governments
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Ministry
of Petroleum, Energy and Mines
|
|
|
|
1.0
|
|
0.1
|
1.1
|
Société
Mauritanienne des
Hydrocarbures
|
|
|
|
0.4
|
|
|
0.4
|
Total
|
|
|
|
1.3
|
|
0.1
|
1.5
|
Projects
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
BirAllah
|
|
|
|
0.7
|
|
|
0.7
|
Block
C8
|
|
|
|
0.7
|
|
|
0.7
|
Payments
not attributable to projects
|
|
|
|
|
|
0.1
|
0.1
|
Total
|
|
|
|
1.3
|
|
0.1
|
1.5
|
Mexico
$
million
Governments
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Fondo
Mexicano del Petróleo
|
|
|
|
77.7
|
|
|
77.7
|
Sistema
de administración Tributaria
|
|
0.2
|
|
|
|
|
0.2
|
Total
|
|
0.2
|
|
77.7
|
|
|
77.9
|
Projects
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Cuencas
del Sureste 34 R3
|
|
|
|
32.8
|
|
|
32.8
|
Cuenca
Salina 1 R1
|
|
0.2
|
|
44.8
|
|
|
45.1
|
Total
|
|
0.2
|
|
77.7
|
|
|
77.9
|
Oman
$
million
Governments
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Makarim
Gas Development
|
564.1(a)
|
|
|
|
|
|
564.1
|
Ministry
of Energy and Minerals
|
1,750.5(b)
|
|
|
0.4
|
|
|
1,750.9
|
Ministry
of Labour
|
|
|
|
1.4
|
|
|
1.4
|
Oman Tax
Authority
|
|
911.9(c)
|
|
|
|
|
911.9
|
Total
|
2,314.5
|
911.9
|
|
1.8
|
|
|
3,228.3
|
Projects
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Khazzan
|
2,314.5(a)(b)
|
911.9
|
|
1.8
|
|
|
3,228.3
|
Total
|
2,314.5
|
911.9
|
|
1.8
|
|
|
3,228.3
|
(a)
|
Comprises payments in kind of $225.5 million for 2.7 million
barrels of condensates valued at market prices, $337.8 million for
97.2 million mmBtu of gas valued per the Gas Sales Agreement and
$0.8 million was paid in cash.
|
(b)
|
Comprises payments in kind of $915.6 million for 11.1 million
barrels of condensates valued at market prices, $831.9 million for
95.8 million mmBtu of gas valued per the Gas Sales Agreement and
$3.0 million was paid in cash.
|
(c)
|
Pursuant to the relevant agreements, the Ministry of Oil and
Gas paid $671.5 million of taxes on bp's behalf out of their
production entitlement.
|
Senegal
$
million
Governments
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Société
des pétroles du Sénégal
|
|
|
|
0.7
|
|
|
0.7
|
Total
|
|
|
|
0.7
|
|
|
0.7
|
Projects
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Block
Cayar Profond
|
|
|
|
0.4
|
|
|
0.4
|
Block St
Louis Profond
|
|
|
|
0.3
|
|
|
0.3
|
Total
|
|
|
|
0.7
|
|
|
0.7
|
Trinidad and
Tobago
$
million
Governments
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Board of
Inland Revenue
|
|
183.2
|
|
|
|
|
183.2
|
Ministry
of Energy and Energy Industries
|
|
236.0
|
|
3.8
|
|
|
239.8
|
Total
|
|
419.2
|
|
3.8
|
|
|
423.0
|
Projects
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Block
5B
|
|
|
|
1.9
|
|
|
1.9
|
Block
25A
|
|
|
|
0.9
|
|
|
0.9
|
Block
25B
|
|
|
|
0.9
|
|
|
0.9
|
BPTT
Blocks
|
|
419.2
|
|
0.1
|
|
|
419.3
|
Total
|
|
419.2
|
|
3.8
|
|
|
423.0
|
United Arab
Emirates
$
million
Governments
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Abu Dhabi
National Oil Company
|
|
|
|
6.0
|
|
|
6.0
|
Department of Finance Abu Dhabi
|
|
4,913.3
|
|
|
|
|
4,913.3
|
Total
|
|
4,913.3
|
|
6.0
|
|
|
4,919.2
|
Projects
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
ADCO
Concession (Onshore)
|
|
4,913.3
|
|
6.0
|
|
|
4,919.2
|
Total
|
|
4,913.3
|
|
6.0
|
|
|
4,919.2
|
United
Kingdom
$
million
Governments
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
HM
Revenue and Customs
|
|
1,822.1(a)(b)
|
|
|
|
|
1,822.1
|
Oil and
Gas Authority
|
|
|
|
7.7
|
|
|
7.7
|
The Crown
Estate
|
|
|
|
0.3
|
|
|
0.3
|
Total
|
|
1,822.1
|
|
8.0
|
|
|
1,830.1
|
Projects
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Andrew
|
|
|
|
0.4
|
|
|
0.4
|
Clair
|
|
|
|
0.4
|
|
|
0.4
|
Decommissioning
|
|
(77.3)(a)
|
|
0.2
|
|
|
(77.1)
|
ETAP
|
|
|
|
0.7
|
|
|
0.7
|
Exploration
|
|
|
|
2.0
|
|
|
2.0
|
Foinaven
|
|
|
|
2.1
|
|
|
2.1
|
Murlach
|
|
|
|
0.2
|
|
|
0.2
|
Non-Operated
|
|
(3.5)(a)
|
|
0.4
|
|
|
(3.0)
|
Pipelines
|
|
|
|
0.3
|
|
|
0.3
|
Schiehallion
|
|
|
|
1.3
|
|
|
1.3
|
Payments
not attributable to projects
|
|
1,902.8(b)
|
|
|
|
|
1,902.8
|
Total
|
|
1,822.1
|
|
8.0
|
|
|
1,830.1
|
(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
Governments
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Office of
Natural Revenue
|
|
|
1.0
|
|
|
|
1.0
|
Office of
Natural Revenue/Department Interior
|
|
|
1,031.1
|
12.6
|
50.6
|
|
1,094.3
|
State of
Alaska
|
|
(67.6)(a)
|
|
|
|
|
(67.6)
|
State of
California
|
|
|
0.1(b)
|
|
|
|
0.1
|
State of
Colorado
|
|
0.2
|
|
|
|
|
0.2
|
State of
Delaware
|
|
|
1.9(b)
|
|
|
|
1.9
|
State of
Louisiana
|
|
49.5
|
8.0(b)
|
0.2
|
|
|
57.7
|
State of
Texas
|
|
120.6
|
102.9(b)
|
1.3
|
|
|
224.8
|
West
Virginia
|
|
1.3
|
|
|
|
|
1.3
|
Total
|
|
104.1
|
1,145.0
|
14.1
|
50.6
|
|
1,313.8
|
Projects
|
Production
entitlements
|
Taxes
|
Royalties
|
Fees
|
Bonuses
|
Infrastructure
improvements
|
Total
|
Alaska
|
|
(67.6)
|
|
|
|
|
(67.6)
|
California
|
|
|
0.1
|
|
|
|
0.1
|
Colorado
|
|
0.2
|
|
|
|
|
0.2
|
Delaware
|
|
|
1.9
|
|
|
|
1.9
|
Gulf of
Mexico
-
Central
|
|
|
983.1
|
12.2
|
50.6
|
|
1,045.9
|
Gulf of
Mexico
-
Western
|
|
|
48.0
|
0.4
|
|
|
48.4
|
Louisiana
|
|
49.5
|
8.0
|
0.2
|
|
|
57.7
|
Texas
|
|
120.6
|
102.9
|
1.3
|
|
|
224.8
|
West
Virginia
|
|
1.3
|
|
|
|
|
1.3
|
Payments
not attributable to projects
|
|
|
1.0
|
|
|
|
1.0
|
Total
|
|
104.1
|
1,145.0
|
14.1
|
50.6
|
|
1,313.8
|
(a)
|
Net
refunds result from the carry back of tax losses, resulting in a
refund of taxes paid in prior years.
|
(b)
|
Payments to states where bp has no extractive activities
relate to Escheatment of Royalties.
|
Other
resources
bp
payments to governments 2023
Detailed
data filed with UK Registrar
extractives.companieshouse.gov.uk
bp
annual and sustainability reporting
bp Annual
Report and Form 20-F 2023
bp.com/annualreport
bp
Sustainability Report 2023
bp.com/sustainability
bp Tax
Report 2023
bp.com/tax
bp
economic impact reports
bp US
Economic Impact Report
bp.com/economicimpact-us
bp UK
Economic Impact Report
bp.com/economicimpact-uk
bp EU
Economic Impact Report
bp-european-economic-impact-report-2023.pdf
Contacts
Press Office
|
London
David Nicholas
+44
(0)20 7496
4708
|
Houston
Paul
Takahashi
+1 713 903
9729
|