BP PLC
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2024 · Filed Mar 6, 2025
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Contents
Refining availability ò Improvement required
For 2024, performance was affected by the plant-
wide power outage at Whiting. Excluding this
event would have meant we were on track to
reach target.
| 2022 | 2023 | 2024 | 2025 target |
|---|---|---|---|
| 94.5% | 96.1% | 94.3% | 96.0% |
Overview •Continued high grading of portfolio to drive higher margins. Completed joint venture conversions in Angola and Iraq, extended Indonesia production-sharing contract, completed 10 major projects and increased bpx production by 33%.•Production on track with 2024 progress broadly on plan. 2022 and 2023 production were +2% vs. plan.•The hydrocarbon business performed well against adjusted EBITDA and free cash flow measures – with actual performance ahead of expectations for both measures.
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