BP PLC

The Lightsource bp goodwill largely relates to the value attributed to the business’s project development capability, including the workforce in place.

Management considers the fair value of Lightsource bp at 31 December 2024 to be substantially the same as at the date of acquisition in the fourth

quarter of 2024.

Cash flows for each group of CGUs are derived from the business segment plans, which cover a period of up tofive years, except for Archaea where a

business plan to 2035 is in place following the acquisition in 2022. To determine the value in use for each of the groups of cash-generating units, cash

flows for a period of 10 years (11 years for Archaea), are discounted and aggregated with a terminal value. Pre-tax discount rates ranging from 10-12% are

applied. It is estimated that no reasonably possible change in the key assumptions used in the US Fuels, European Fuels and Archaea goodwill impairment

assessments would cause the recoverable amount to be equal to the carrying amount of goodwill and related net non-current assets.

No material impairment of the goodwill balances in customers & products was recognized during 2024 or 2023.