BP PLC

In order to utilize the ‘safe harbor’ provisions of the United States Private Securities Litigation Reform Act of 1995 (the ‘PSLRA’) and the general doctrine of cautionary statements, bp is providing the following cautionary statement.

This document contains certain forecasts, projections and 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. These statements may generally, but not always, be identified by the use of words such as ‘will’, ‘expects’, ‘is expected to’, ‘aims’, ‘should’, ‘may’, ‘objective’, ‘is likely to’, ‘intends’, ‘believes’, ‘anticipates’, ‘plans’, ‘we see’ or similar expressions. In particular, among other statements, (i) certain statements in the Chair’s letter (pages 4-5), Chief executive officer’s letter (pages 6-7),the Strategic report (inside cover and pages 1-80), Additional disclosures (pages 335-362) and Shareholder information (pages 363-372), including but not limited to statements under the headings ‘Energy Outlook’, ‘Our strategy in action’, ‘Consistency with the Paris goals’ ‘Our business model’, ‘Progress against our strategy’, ‘Our financial frame’, ‘2024 guidance’ and ‘Our investment process’ and including but not limited to statements regarding: plans and expectations relating to business, financial performance, results of operations, cash flow, capital expenditure, allocation of capital expenditure and bp’s ability to maintain a robust cash position; plans and expectations regarding bp’s financial frame, working capital, operating cash flow (and its ability to cover capital expenditure and shareholder distributions including the dividend and share buybacks), return on average capital employed, liquidity, capital discipline, credit rating, future shareholder distributions, amount or timing of payments related to divestment and other proceeds, net debt, future dividend payments and share buybacks; plans and expectations relating to bp’s investment process and capital investment, including future capital investment allocation, expected IRR, access to capital and the restructuring of certain investments; plans and expectations