Table of Contents Table of Contents 2 List of Tables 5 List of Figures 6 Company Snapshot 8 Key Information 8 Company Overview 8 BP p.l.c., Valuation and Financial Data 9 BP p.l.c., Share Price Performance 9 Share Price Performance, Q4, 2014-Q4, 2015 9 BP p.l.c., Key Valuation Metrics 10 Key Valuation Metrics, Q4, 2014-Q4, 2015 10 BP p.l.c., Quarterly Results of Oil & Gas Operations Per boe Produced 11 Results of Oil & Gas Operations Per boe Produced, Q4, 2014-Q4, 2015 11 Results of Oil & Gas Operations Per boe Growth Rates, Q4, 2014-Q4, 2015 12 BP p.l.c., Quarterly E&P Costs Trends 13 Upstream Capital Expenditure, Q4, 2014-Q4, 2015 13 BP p.l.c., Quarterly Production Trends 14 BP p.l.c., Total Oil and Gas Production 14 Total Crude Oil and Natural Gas Production Trend, Q4, 2014-Q4, 2015 14 Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2014-Q4, 2015 15 BP p.l.c., Crude Oil Production 16 Total Crude Oil Production Trend, Q4, 2014-Q4, 2015 16 Crude Oil Production, By Country/Region, Q4, 2014-Q4, 2015 17 BP p.l.c., Natural Gas Production 18 Total Natural Gas Production Trend, Q4, 2014-Q4, 2015 18 Natural Gas Production, By Country/Region, Q4, 2014-Q4, 2015 19 BP p.l.c., Valuation and Financial Data, 2011-2015 20 BP p.l.c., Share Price Performance, 2011-2015 20 Share Price Performance, 2011-2015 20 Key Valuation Metrics, 2011-2015 21 BP p.l.c., Production and Reserves Trends 22 Total Oil and Gas, Reserves and Production 22 Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 22 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 24 Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 26 Crude Oil/Liquids Production and Reserve 27 Crude Oil/Liquids Production and Reserve Trend, 2011-2015 27 Crude Oil Production and Reserves By Country/Region, 2011-2015 28 Crude Oil/Liquids Reserve Changes, 2011-2015 30 Natural Gas Production and Reserve 31 Natural Gas Production and Reserve Trend, 2011-2015 31 Natural Gas Production and Reserves, By Country/Region, 2011-2015 32 Natural Gas Reserve Changes, 2011-2015 34 Total Crude Oil and Natural Gas Reserves Life Index 35 Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 35 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 36 BP p.l.c., E&P Costs Trends 39 Allocation of the Upstream Capital Expenditure 39 Upstream Capital Expenditure, 2011-2015 39 Acquisition Costs By Country/Region, 2011-2015 40 Exploration and Development Costs, By Country/Region, 2011-2015 42 Oil and Gas Cost Per boe, US$/boe 44 Oil and Gas Cost Per boe, US$/boe, 2011-2015 44 Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 46 BP p.l.c., Reserve Replacement Ratio 49 Oil and Gas Production Replacement Ratio 49 Oil and Gas Production Replacement Ratio, 2011-2015 49 Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 51 BP p.l.c., Results of Oil & Gas Operations Trend 56 Oil and Gas Revenue and Expenses 56 Oil and Gas Revenue and Expenses, 2011-2015 56 Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 57 Oil and Gas Revenue and Expenses, Per boe 63 Oil and Gas Revenue and Expenses, By boe, 2011-2015 63 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 64 Oil and Gas Performance Metrics 69 BP p.l.c., Land Holdings and Well Data 70 Developed and Undeveloped Acreage 70 Gross and Net Developed and Undeveloped Acreage, 2011-2015 70 Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 71 Well Statistics 74 Producible Oil and Gas Well, 2011-2015 74 Producible Oil and Gas Well, By Country/Region, 2011-2015 75 Exploration and Development Wells Drilled, 2011-2015 80 Exploration and Development Wells Drilled, By Country/Region, 2011-2015 81 Recent Developments 83 BP p.l.c. - Recent Developments 83 Apr 28, 2016: Wood Group Wins $500 Million EPCM Contract In Azerbaijan 83 Apr 27, 2016: World Bank To Approve $1bn Loan For TANAP Proejct 83 Apr 26, 2016: BP Announces First Quarter 2016 Results 84 Apr 22, 2016: PDVSA's Bullenbay Terminal To Receive US Crude Cargo From BP 87 Apr 20, 2016: Aibel: Glen Lyon To Aibel Haugesund 88 Apr 20, 2016: ITF-Facilitated JIP Enters Trial Phase To Provide Clearer Understanding Of Subsea Faults 88 Apr 20, 2016: Kinder Morgan Generates More Than $1.2 Billion Of Distributable Cash Flow For First Quarter 2016 89 Apr 18, 2016: First TAP Pipes Arrive In Albania 94 Apr 18, 2016: BP Signs LNG Supply Agreement With PLN 96 Apr 18, 2016: io Oil & Gas Consulting Delivers To BP 96 Appendix 98 Methodology 98 Coverage 98 Secondary Research 98 Primary Research 98 Data Information Sources 99 Company Source 99 SEC/Other Regulatory Filings 99 Other Sources 99 Expert Panel Validation 99 Data Definition 99 Oil and Gas Reserves 99 Units of Measure 100 About GlobalData 100 Disclosure 100 Disclaimer 100

List of Tables Table 1: BP p.l.c., Key Facts 8 Table 2: BP p.l.c., Share Price Performance, Q4, 2014-Q4, 2015 9 Table 3: BP p.l.c., Key Valuation Metrics, Q4, 2014-Q4, 2015 10 Table 4: BP p.l.c., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2014-Q4, 2015 11 Table 5: BP p.l.c., Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2014-Q4, 2015 12 Table 6: BP p.l.c., Upstream Capital Expenditure, Q4, 2014-Q4, 2015 13 Table 7: BP p.l.c., Total Crude Oil and Natural Gas, Production, Q4, 2014-Q4, 2015 14 Table 8: BP p.l.c., Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2014-Q4, 2015 15 Table 9: BP p.l.c., Total Crude Oil Production, mmbbl, Q4, 2014-Q4, 2015 16 Table 10: BP p.l.c., Crude Oil Production, By Country/Region, mmbbl, Q4, 2014-Q4, 2015 17 Table 11: BP p.l.c., Total Natural Gas Production, bcf, Q4, 2014-Q4, 2015 18 Table 12: BP p.l.c., Natural Gas Production, By Country/Region, bcf, Q4, 2014-Q4, 2015 19 Table 13: BP p.l.c., Share Price Performance, 2011-2015 20 Table 14: BP p.l.c., Key Valuation Metrics, 2011-2015 21 Table 15: BP p.l.c., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 23 Table 16: BP p.l.c., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 25 Table 17: BP p.l.c., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 26 Table 18: BP p.l.c., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27 Table 19: BP p.l.c., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 29 Table 20: BP p.l.c., Crude Oil Reserve Changes, mmbbl, 2011-2015 30 Table 21: BP p.l.c., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31 Table 22: BP p.l.c., Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 33 Table 23: BP p.l.c., Natural Gas Reserve Changes, bcf, 2011-2015 34 Table 24: BP p.l.c., Oil and Gas Reserves Life Index, Years, 2011-2015 35 Table 25: BP p.l.c., Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 38 Table 26: BP p.l.c., Upstream Capital Expenditure, US$ mil, 2011-2015 39 Table 27: BP p.l.c., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 41 Table 28: BP p.l.c., Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 43 Table 29: BP p.l.c., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 44 Table 30: BP p.l.c., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 47 Table 31: BP p.l.c., Oil and Gas Production Replacement Ratio, %, 2011-2015 49 Table 32: BP p.l.c., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 54 Table 33: BP p.l.c., Revenue and Expenses, US$ mil, 2011-2015 56 Table 34: BP p.l.c., Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 61 Table 35: BP p.l.c., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 63 Table 36: BP p.l.c., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 67 Table 37: BP p.l.c., Oil and Gas Performance Metrics, 2011-2015 69 Table 38: BP p.l.c., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 70 Table 39: BP p.l.c., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 73 Table 40: BP p.l.c., Producible Oil and Gas Wells, 2011-2015 74 Table 41: BP p.l.c., Producible Oil and Gas Wells, By Country/Region, 2011-2015 78 Table 42: BP p.l.c., Exploratory and Developed Wells, 2011-2015 80 Table 43: BP p.l.c., Exploratory and Developed Wells, By Country/Region, 2011-2015 81 List of Figures Figure 1: BP p.l.c., Share Price Performance, USD/Share, Q4, 2014-Q4, 2015 9 Figure 2: BP p.l.c., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q4, 2014-Q4, 2015 10 Figure 3: BP p.l.c., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2014-Q4, 2015 11 Figure 4: BP p.l.c., Upstream Capital Expenditure, US$ mil, Q4, 2014-Q4, 2015 13 Figure 5: BP p.l.c., Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2014-Q4, 2015 14 Figure 6: BP p.l.c., Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2014-Q4, 2015 15 Figure 7: BP p.l.c., Total Crude Oil Production, mmbbl, Q4, 2014-Q4, 2015 16 Figure 8: BP p.l.c., Crude Oil Production, By Country/Region, mmbbl, Q4, 2014-Q4, 2015 17 Figure 9: BP p.l.c., Total Natural Gas Production, bcf, Q4, 2014-Q4, 2015 18 Figure 10: BP p.l.c., Natural Gas Production, By Country/Region, bcf, Q4, 2014-Q4, 2015 19 Figure 11: BP p.l.c., Share Price Performance, USD/Share, 2011-2015 20 Figure 12: BP p.l.c., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 21 Figure 13: BP p.l.c., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22 Figure 14: BP p.l.c., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 24 Figure 15: BP p.l.c., Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 24 Figure 16: BP p.l.c., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 26 Figure 17: BP p.l.c., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27 Figure 18: BP p.l.c., Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 28 Figure 19: BP p.l.c., Oil Production, By Country/Region, mmbbl, 2011-2015 28 Figure 20: BP p.l.c., Crude Oil Reserve Changes, mmbbl, 2015 30 Figure 21: BP p.l.c., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31 Figure 22: BP p.l.c., Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 32 Figure 23: BP p.l.c., Gas Production, By Country/Region, bcf, 2011-2015 32 Figure 24: BP p.l.c., Natural Gas Reserve Changes, bcf, 2015 34 Figure 25: BP p.l.c., Oil and Gas Reserves Life Index, Years, 2011-2015 35 Figure 26: BP p.l.c., Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36 Figure 27: BP p.l.c., Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36 Figure 28: BP p.l.c., Oil Reserve Life Index, By Country/Region, Years, 2011-2015 37 Figure 29: BP p.l.c., Upstream Capital Expenditure, US$ mil, 2011-2015 39 Figure 30: BP p.l.c., Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 40 Figure 31: BP p.l.c., Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 40 Figure 32: BP p.l.c., Development Costs, By Country/Region, US$ mil, 2011-2015 42 Figure 33: BP p.l.c., Exploration Costs, By Country/Region, US$ mil, 2011-2015 42 Figure 34: BP p.l.c., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 44 Figure 35: BP p.l.c., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 46 Figure 36: BP p.l.c., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 46 Figure 37: BP p.l.c., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 47 Figure 38: BP p.l.c., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 49 Figure 39: BP p.l.c., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 51 Figure 40: BP p.l.c., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 51 Figure 41: BP p.l.c., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 52 Figure 42: BP p.l.c., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 52 Figure 43: BP p.l.c., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 53 Figure 44: BP p.l.c., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 53 Figure 45: BP p.l.c., Revenue and Expenses, US$ mil, 2011-2015 56 Figure 46: BP p.l.c., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 57 Figure 47: BP p.l.c., Exploration Expenses, By Country/Region, US$ mil, 2011-2015 57 Figure 48: BP p.l.c., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 58 Figure 49: BP p.l.c., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 58 Figure 50: BP p.l.c., Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 59 Figure 51: BP p.l.c., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 59 Figure 52: BP p.l.c., Production Costs, By Country/Region, US$ mil, 2011-2015 60 Figure 53: BP p.l.c., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 60 Figure 54: BP p.l.c., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 63 Figure 55: BP p.l.c., Exploration Expenses per boe, By Country/Region, US$/boe, 2011-2015 64 Figure 56: BP p.l.c., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 64 Figure 57: BP p.l.c., Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 65 Figure 58: BP p.l.c., Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 65 Figure 59: BP p.l.c., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 66 Figure 60: BP p.l.c., Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 66 Figure 61: BP p.l.c., Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 67 Figure 62: BP p.l.c., Oil and Gas Performance Metrics, 2011-2015 69 Figure 63: BP p.l.c., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 70 Figure 64: BP p.l.c., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 71 Figure 65: BP p.l.c., Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 71 Figure 66: BP p.l.c., Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 72 Figure 67: BP p.l.c., Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 72 Figure 68: BP p.l.c., Producible Oil and Gas Wells, 2011-2015 74 Figure 69: BP p.l.c., Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 75 Figure 70: BP p.l.c., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 75 Figure 71: BP p.l.c., Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 76 Figure 72: BP p.l.c., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 76 Figure 73: BP p.l.c., Net Productive Gas Wells, By Country/Region, Number, 2011-2015 77 Figure 74: BP p.l.c., Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 77 Figure 75: BP p.l.c., Net Productive Oil Wells, By Country/Region, Number, 2011-2015 78 Figure 76: BP p.l.c., Exploratory and Developed Wells, 2011-2015 80