BP PLC

References to global net zero in the phrase, 'to help the world get to net

zero', means achieving '...a balance between anthropogenic emissions by

sources and removals by sinks of greenhouse gases...on the basis of

equity, and in the context of sustainable development and efforts to

eradicate poverty', as set out in Article 4(1) of the Paris Agreement.

References to net zero for bp in the context of our ambition and net zero

operations and net zero sales aims mean achieving a balance between (a)

the relevant Scope 1 and 2 emissions (for net zero operations) and product

lifecycle emissions (for net zero sales) and (b) the aggregate of applicable

deductions from qualifying activities such as sinks under our methodology

at the applicable time.